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Will your 401(k) survive the death of American capitalism?

A decade of legislative attacks and regulatory missteps capped off by the biggest market collapse since the Great Depression appears to have ended the long ride of American Capitalism. If this sounds merely theoretical to you, then don’t read this because it’s not going to be good for your 401(k)...

By Chris Carosa | Updated on April 13, 2011

Reports coming out of Washington last week suggest the SEC might consider loosening up the rules on selling stock in privately held companies. Why not? It’s just the latest in a string of legislative attacks and regulatory missteps, not to mention the biggest market collapse since the Great Depression, that appear to represent the end of American Capitalism.

Now, most normal folk don’t give a rat’s behind about matters of high finance, which is generally why things like this go unnoticed. That’s too bad, because the end of American Capitalism might just also mean the end to your 401(k), IRA or any other retirement plan.

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