Perhaps we can agree that there isn't enough transparency on the creditor side. You and I are creditors in that we have 401ks or money in pension funds. Do we know what is happening with that money? Not really.
Is it then fair that we have to take a haircut on our (guaranteed safe) savings if a bank screws up our investments?
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I understand fine. I just don't fully agree with your point of view.
Fair enough.
Perhaps we can agree that there isn't enough transparency on the creditor side. You and I are creditors in that we have 401ks or money in pension funds. Do we know what is happening with that money? Not really.
Is it then fair that we have to take a haircut on our (guaranteed safe) savings if a bank screws up our investments?