Peter Lynch

[Brad De Long]

>
>Lynch, if he wasn't, a big bullshitter could have talked about
>front-loads, back-loads, fees and charges by mutual funds and providers
>of 401(k) mutual funds.  Or he could have gone into the fact that 401(k)
>mutual funds are not guaranteed by the federal government nor are any
>other mutual funds for that matter.

Sure. Let's raise taxes on the other 90% of Americans to provide free
government insurance against stock market declines for the richest 10% who
own the overwhelming bulk of 401(k)s...

Brad DeLong