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re: Trump’s SEC Implements Communism; They’re Coming After Your Savings Accounts!!

Posted on 9/2/26 at 7:49 pm to
Posted by Mo Jeaux
Member since Aug 2008
65574 posts
Posted on 9/2/26 at 7:49 pm to
Posted by Konkey Dong
Member since Aug 2013
2399 posts
Posted on 9/2/26 at 7:53 pm to
quote:

This is so absurd that it seems like sarcasm, but based on your OP I have to come to the conclusion that you believe

I was thinking he was trolling and sap’s stupid arse bit the hook
This post was edited on 9/2/26 at 7:55 pm
Posted by Wolfwireless
Member since Aug 2024
6647 posts
Posted on 9/2/26 at 8:15 pm to
Ok. So since I know jack shet about trading, investments, etc, I wanted to know why opening this area was bad.
From what my limited knowledge gives me understanding of... Is that with these types of investments you may not be able to get any of your money back.
Am I reading that right?
quote:

The problem is that, regardless of whether stable NAVs are a problem in traditional private funds, they could be a big problem for retail investors in non-traded funds that offer periodic liquidity. The reason is that retail investors might not fully grasp that stable NAVs offer no assurance that they will be able to cash out their investments at their reported valuations or even that they will be able to cash out at all. If investors rush to withdraw their money during a prolonged downturn, a fund manager has to either (1) sell assets at a loss to fund withdrawals or (2) sharply limit withdrawals. These options would either hand retail investors surprising losses or leave them cash poor at an inopportune moment.

https://corpgov.law.harvard.edu/2025/08/15/retail-access-for-private-markets/
This post was edited on 9/2/26 at 8:37 pm
Posted by KCT
Psalm 23:5
Member since Feb 2010
52701 posts
Posted on 9/2/26 at 8:25 pm to
quote:

here you are cheerleading thievery. Shameful.


I'll turn myself in tomorrow morning.

I won't be calling you, though. I'm going to need a real lawyer, not someone who argues over how much time Daddy will get to spend with his kids.
Posted by LegendInMyMind
Member since Apr 2019
77269 posts
Posted on 9/2/26 at 8:28 pm to
quote:

This could eventually give everyday investors much easier access to private equity/private companies—potentially a significant expansion of the investment universe, but with fewer protections and less transparency than public markets.

Interesting......
Posted by LegendInMyMind
Member since Apr 2019
77269 posts
Posted on 9/2/26 at 8:29 pm to
quote:

You don't understand the article you linked. Go read it again.

Oh, he understands it.
Posted by Sid E Walker
BackdoorU ©
Member since Nov 2013
26186 posts
Posted on 9/2/26 at 9:52 pm to
quote:

…is a crock of shite and I’m shocked, SHOCKED, that you see no problem with this.

Are you a commie, now?

Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
486609 posts
Posted on 9/2/26 at 10:22 pm to
quote:

Oh, he understands it.


Posted by UtahCajun
Member since Jul 2021
8955 posts
Posted on 9/2/26 at 10:32 pm to
quote:

Mo Jeaux

I honestly did not think you had these two things in you.
1) a post with more than one sentence
2) a troll post.

Got really good bites, so yeah...keep it up.
Posted by cadillacattack
the ATL
Member since May 2020
11830 posts
Posted on 9/3/26 at 7:06 am to

quote:

They’re coming after your savings accounts and 401(k)s. This cannot stand!!! Please rage with me over this blatant communism by the Trump administration!!!!


Oh for the love of Pete …. try to keep up. Congress approved access to consumer bank accounts, savings, and 401k’ several years ago …. under the Obama administration.

The time for outrage has passed, Rumpelstiltskin
Posted by Mo Jeaux
Member since Aug 2008
65574 posts
Posted on 9/3/26 at 7:15 am to
quote:

UtahCajun


You’re seem upset. I don’t even know who you are.
Posted by Tmo Sabe
GA
Member since Mar 2022
1120 posts
Posted on 9/3/26 at 10:14 am to
quote:

Yeah that's what "they" say, but we really know these are lies


This is antiseptic
Posted by lake chuck fan
Vinton
Member since Aug 2011
25424 posts
Posted on 9/3/26 at 11:25 am to
I don't pretend to understand this completely, so I ask Grok. This in no way allows government access to folks savings or 401K.


quote:


Why this is not a seizure power

Nothing in the described amendments creates new authority for the government to freeze, take, or redirect individuals’ bank accounts, brokerage cash, retirement savings, or investment holdings. It is about:Product design and eligibility (who can buy which funds).
Adviser compensation rules.
Using already-regulated registered investment companies as the wrapper.

Private markets themselves have fewer public disclosures, can be hard to value, and are often illiquid. Critics (including some investor-advocacy groups) argue the main beneficiaries may be Wall Street fee structures rather than average investors, and that performance of some existing retail-access vehicles has lagged public markets after fees. Those are investment-risk and fee debates, not government-taking debates.

wealthmanagement.com

If you are worried about government access to accounts, that would involve other laws (tax, sanctions, criminal forfeiture, bank-resolution rules, etc.), not this SEC access-and-fees proposal. This plan is about expanding optional investment choices, with the usual private-market downsides of illiquidity, valuation difficulty, and layered fees.


Posted by theunknownknight
Baton Rouge
Member since Sep 2005
61703 posts
Posted on 9/3/26 at 11:27 am to
It’s different when Trump does it

No matter the very real danger of cronyism on steroids and creating artificial markets
This post was edited on 9/3/26 at 11:28 am
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
61703 posts
Posted on 9/3/26 at 11:29 am to
quote:

lake chuck fan


You do realize that he believes everything you just posted? And that he’s taking a contrarian stance to expose the blatant hypocrisy of this board.

Just a few days ago, Europe did the same exact thing, to be met with accusations of seizing bank accounts. All the Trump supporting seal clappers picked up the pitchforks. Now that Trump is doing it they’re saying the exact opposite.

And no one is talking about the real danger either way
Posted by roadGator
DeBoar’s hollow dome
Member since Feb 2009
160822 posts
Posted on 9/3/26 at 11:30 am to
Over all their heads
Posted by LegendInMyMind
Member since Apr 2019
77269 posts
Posted on 9/3/26 at 11:33 am to
quote:

I don't pretend to understand this completely, so I ask Grok. This in no way allows government access to folks savings or 401K.

Lies.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
39200 posts
Posted on 9/3/26 at 11:37 am to
Trump's people never said they weren't socialist types. They just have a thing about commies
Posted by John somers
Los Proxima
Member since Oct 2024
2133 posts
Posted on 9/3/26 at 11:39 am to
I dont believe you

If it were true, you'd actually be happy about it and would keep it quiet so we dont make a stink and throw a monkey wrench in the works.

So I know, without a doubt, and without even looking into it, that you're lying.


Posted by Enadious
formerly B5Lurker City of Central
Member since Aug 2004
18800 posts
Posted on 9/3/26 at 11:40 am to
What's going to happen: The dollar will be replaced by a stablecoin. That stablecoin will be tied to US treasuries. You will essentially own and spend U.S. Treasuries, but you will not receive any interest as you would if you bought a bond. That's how taxpayers will further fund the government.
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