Enron did look like a Jackalope farm to everyone I knew that looked at it.
That said, the private accounts part of social security could easily have some investment restrictions (e.g., 50% in government bonds). The key is changing it from defined benefit - or rather undefined benefit - to defined contribution.
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winterfish
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Date: 2008-09-12 10:35 pm (UTC)That said, the private accounts part of social security could easily have some investment restrictions (e.g., 50% in government bonds). The key is changing it from defined benefit - or rather undefined benefit - to defined contribution.