I overheard an "Obama's going to take our 401K" conversation [View All]

[rucky]

today. They actually told their employers to stop the contributions. They were even considering the implications of cashing out. Granted that's their business, but they're doing this from false information. False information that they got from somewhere, and thousands of other people who got the same bad info/advice, may also be cutting off their 401K's. Maybe enough to move the market?

So what's the motivation for inventing this rumor? Has it been traced back to the Norquist type discordians who actually want the Dow to tank? Of all the stupid rumors to make up, why this one? Who benefits?