I doubt it. My take is that powerful people in the banking industry have successfully persuaded government that we can keep pouring good money after bad into our toxic waste dump known as BAC & C so that we can pretend for a while that they can survive some stress (haha). So, the latest "details" from our friend Timothy will merely prolong the pain.
In any case, I came across a website which can tell through artificial intelligence whether we have bottomed at any one time. Check it out! http://isthisthebottom.com/
The Hidden 401(k) Tax Bomb That Hits a $1.3 Million Saver With $19,800 in
Their First RMD Year
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Picture a single 73-year-old retiree sitting on $1.3 million in a
traditional 401(k), drawing $36,000 a year in Social Security, and feeling
reasonably set...
49 minutes ago
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