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No windfall profits to be made by stock brokers.
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you ignorant SOB, have you even read my previous posts on the subject. it is the general opinion of most people in my field that a well designed and run Individual account system would make many of our clients less likely to invest additional $$ with us - thereby taking money OUT of our pockets, not putting more in.
ignoring the idea of paying back the IOU's? hardly. that is an option. if i've read correctly, that method would put the system back on track to remain solvent through the middle of this century. that would be good for anyone who plans on dieing before then. but let me ask you, how much do you trust the politicians not to raid the cookie jar? it hasn't worked up to this point.
have you read any of my posts describing the effects of only $100 month savings in a personal account of different types of funds? or is it just easier to ignore those real life scenarios and say i'm a stock broker so i must be a liar?
tell us, what specifically scares you about individual accounts? please give me specifics, not generalizations about MBA's, shiny shoe salesman, and mental midgets - tell us what exactly doesn't work, in regards to individual accounts?