The Social Security Trust Fund

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9. 2008 should've put the lie to the privatization idea.

The market collapse that cost some retirement savers as much as 40% of their savings wasn't fully replaced until 2014 or 2015. If the Wall Street jackals had gotten their hands on SS trust fund money, the subsequent retirees' poverty rate would be astounding. People who retired between 2009 and 2015 would've lost half their retirement income, and the WS jackals would've been counting their benjamins on Cayman island beaches.

I worked for a major investment bank in those years.