In article , Jeffrey
McCann says...

You'd think Wall Street would be talking up Bush's plan, but they're being
awfully quiet. I think they don't want a public debate on how the plan will
funnel huge amounts of money into their hands, and what share of that pie
they may be keeping for themselves. My other question is whether this
personal account money will become subject to judgment creditors. With
medical expenses accounting for an ever larger proportion of personal
bankruptcies, and recent bankruptcy law "reforms," what happens when you
withdraw your money? The fact that you can devise the money in your will
suggests a sufficient degree of individual control such that the money could
also be taken to satisfy creditors.

Apparently one of the other bugs is, if you are above a certain
age, they require you to purchase an annuity with the account when you
cash it out. That, and if your personal account outperforms what they
expect it to, they reduce the government's contribution accordingly.

I think that the dweeb is backing away from this entire plan as
rapidly as is politely acceptable, from a political standpoint.

Jim


--
==================================================
please reply to:
JRR(zero) at pkmfgvm4 (dot) vnet (dot) ibm (dot) com
==================================================