Mutts (5/29/10)

While I understand the lingo behind today’s Mutts (investors can increase the worth of their old, potentially nominal, 401(k) accounts by transferring those funds to an IRA), I can’t help seeing something sinister beneath the punchline. “Roll over” may be a valid financial term, but it’s also a command people give to dogs. It’s been almost two years since the global financial system went boom as a result of greed and mismanagement. And what happened in the aftermath of that crisis? Were bankers held to account? Hardly. Instead, they were treated to billions of dollars in taxpayer money and went on to enjoy healthy profits. They turned to the American public and demanded that we “roll over.” And guess what? We did.

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