People Prefered

Preferred stocks, first mortgages, senior debentures, and other instruments are used to give certain owners of an asset prior claim over other interested parties.

It is time that retirement investors be given Preferred status over other investors such as insurance companies, banks, and foreign governments.

Companies issuing senior preferred stock to individual investors would have to subordinate all other claims to assets to the good Americans who work hard and are saving for their retirements.

The reason there is so much resistance to defined contribution benefit plans is because the small investor assumes far more risk than institutional investors.

We the People should be the last to loose when houses of cards come crashing down.

-RJM