Monday, June 06, 2011

The Treasury's Plunder Of Retirement Accounts

The Treasury has been dipping into the G-Fund and the Civil Service Retirement and Disability Fund (CSRDF).  Tim Geithner has replaced one IOU (that of the Fed) with another (that of the Treasury) in the G-Fund to the tune of $57 billion and in the CSRDF of about $22 billion.  I thought you retirees should be aware of what Mr. Timmy is up to.  But, of course, don't worry, Timmy promises it shall all be well.

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