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Scott
Lv 6
Scott asked in Politics & GovernmentPolitics · 10 years ago

Timmy G made me lose over $15k?

I didn't move my 401k to cash since Tim Geithner swore there was no risk of a downgrade. Now I have lost $15k and by the time I can sell on Monday I expect this number to at least double. Can I sue Timmy G for damages?

8 Answers

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  • Di
    Lv 7
    10 years ago
    Favorite Answer

    When Geithner - who made a "mistake" on his taxes and underpaid, blaming Turbo Tax software for the "error" opines - I generally take the position of the opposite to what he says. When our leadership tries to reassure voters, you can pretty much bet it's propaganda, not reality.

  • 10 years ago

    Ride it out, it will bounce back. You can't sue because there are risks with 401k accounts. Read the fine print.

  • 10 years ago

    Pull it out on monday and put it into CDs and take the loss next time do not gp for high risk.

  • Anonymous
    10 years ago

    That's what you get for not doing your own homework. I cashed out in May when I realized B0ehner and the Baggers were going to take the economy on a kamikaze dive.

    Sucks to be you.

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  • 10 years ago

    It's sad that almost all people in congress - white house are immune from all prosecution.. They are all liars and have been for years and years..

  • 10 years ago

    you can not gamble with your savings. a treasury note has fixed interest. guaranteed return. keep it in your pocket and you wont lose it.

  • Anonymous
    10 years ago

    how much did you lose in bush's recession?

  • Anonymous
    10 years ago

    Whop his azzzz!

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