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Whose 401K was plundered to fund these bad investments?
by kayamon 4y ago
Whose 401K was plundered to fund these bad investments?
- sumy23 4y agoNo one’s 401k was plundered. Most of this was funded by the Federal Reserve via a combination of quantitative easing, low interest rates, and increasing the money supply. The Fed created the perfect environment for runaway speculation.