The new party of no?

[jms62]

Originally Posted by Riot

Yes. Losing 35-40% of one's investments had quite the negative effect on Wall Street's reputation with "the average American". Thank goodness Social Security didn't get privatized by Bush The Second - it would have been a blood bath.

I often think of this and also the 24/7 trading they were touting during the DotCom bubble. Only people this would have benefited is the Hedge Funds who trade both sides and the Uber rich that can get in them providing it wasn't run by Madoff. Mom and Pop and their buy and hold mutual funds would be absolutely destroyed...