Reports coming out of Washington last week suggest the SEC might consider loosening up the rules on selling stock inprivately held companies. Why not? It’s just the latest in astring of legislative attacks and regulatory missteps, not tomention the biggest market collapse since the Great Depression,that appear to represent the end of American Capitalism.
Now, most normal folk don’t give a rat’s behind about matters ofhigh finance, which is generally why things like this go unnoticed.That’s too bad, because the end of American Capitalism might justalso mean the end to your 401(k), IRA or any other retirementplan.
What’s happening and why should you be concerned?
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