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Reports coming out of Washington last week suggest the SEC might consider loosening up the rules on selling stock in privately held companies. Why not? It’s just the latest in a string of legislative attacks and regulatory missteps, not to mention 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 of high finance, which is generally why things like this go unnoticed. That’s too bad, because the end of American Capitalism might just also mean the end to your 401(k), IRA or any other retirement plan.

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