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View Diary: Widespread Panic: Bank of America (64 comments)

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  •  But not poetic justice to the regular (8+ / 0-)

    schmuck whose 401K is invested in BAC.  I've got TIAA-Cref - the "socially responsible" portfolio - but basically my "retirement" is Social Security.  There's a reason why the 1933 Congress and every Congress since refused to put that in the stock market and people are beginning to find out/remember why.  And yes it doesn't do what it did in the 1930s-70s, but it's still good enough in my income bracket (bottom half median income) as long as you don't have lodging bills (be it your mortgage is paid off or you live with somebody who covers it).

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