Quote:
FreefromContract contract wrote:
Jerry,
Remember back when (in the 80's or 90's?) the SEC allowed companies to collaterize their pension funds to get additional operating funds? Then we all read the stories of many of these companies filing for bankruptcy protection and going out of business and the pension funds were lost?
I wonder if the same potential exists here, given the fact that many states are facing severe fiscal deficits which must be closed before the end of the fiscal year.
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I am of the increasing mind that the best guarantee of security of one's assets is your own possession =D.
I used to be all about investing, but since studying law, my interest has cooled considerably. Or if you play the game, be prepared to lose it and plan accordingly.
- netwrkranger