Watch Out! Feds Could Seize Your Private Retirement Savings



Saturday, 21 May 2011 04:58 PM
By Greg Brown

How long before Uncle Sam hits private pensions to balance the public budget? It’s quickly becoming a reasonable question to ask.

Treasury Secretary Timothy Geithner is ringing alarm bells across Washington, D.C., warning of a disastrous outcome if an agreement to raise the debt ceiling is not made soon. “A default would call into question, for the first time, the full faith and credit of the U.S. government,â€