re: The Govt is monkeying with our savings again
Originally Posted by
James48843
It has NO EFFECT on the ability to move accounts.
At least, that's always been the case in the past. It simply means that instead of giving you cash (federal reserve notes??) into your account, they replace the federal reserve notes temporarily with I.O.U's. (*How about that- IOU's for IOUs...)
One can still move from one account to the others even when the treasury is taking the G fund money.
That's what concerns me... just because it hasn't happened is no guarantee in itself that it cannot.
Does anyone know what legal provision allows the Treasury to do this?
Official Retirement Date: 06-31-2014!
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