Americans Oppose Initiatives Limiting 401(k) Choices, ICI Says

U.S. investors oppose federal initiatives that would force them to give up control over their 401(k) accounts, the Investment Company Institute said.

These same investors were and continue to be vocal about their opposition to public bailouts of institutions that acquired and retained massive private profits through the use of reckless leverage. The bailouts happened despite the opposition. If confidence in America's ability service and fund its debt falters to the point of monetization (Fed prints currency to purchase directly or indirectly from the Treasury auction), it is possible that public funds once again be commandeered under the mantra for the preservation of the system and the good of all.

Source: businessweek.com