When you get a 401k loan, it is treated as a loan, it looks like, from yourself. Only risk there is if you default, it then switches to a disbursement and has a 10% penalty and probably some sort of tax implication.

No. It’s a pretty secure savings engine. Even if you had a loan out against the account, they reserve a portion of the account as collateral, as I view it. Let me go research that right quick.

I think the biggest risk would be if your holding institution went tits up and you had more than is covered in FDIC, you would only recover the FDIC limit. I think. Anyone confirm that?

Now, a fun question there is, if there was a crash out of the holding institution, would 47’s FDIC manager pay out.

Another fun question is, if this isn’t protected by FDIC because you own the investments which are external to the holding company:: are you really holding the investments you selected? During the fervor of the GME due diligence, it was surfaced that when you buy a stock on the open markets, it is but a right to a stock, not the actual thing. So, your access to those rights could get rug pulled too, if things get too crazy and system risk becomes too high. I think that the chances of this rug pull are super low for msot investments in a 401k. Generally retirement savings plans are slow moving investment engines, so for instance, if I schedule a change in my 401k investments, it trades, not at the time of request, but at the end of day. There are also high frequency trading limits in some of them.

In case you want to learn what the GME due diligence found: https://fliphtml5.com/bookcase/kosyg

House of Cards is a good starting point to understand how the current stock trading machine functions.

No one told you when to run, you missed the starting gun.

Over on the nursing subreddit, some hospitals have been subtyping flu A and as of last week, the people that posted said it was not bird flu positive, it was the other “normal” strain.

Hospitals can shutter wings and furlough staff, it is the safety net systems that will be hit hardest.

Wait. Musk has access to every address of these workers. Many have mortgages. Is this just a play to have the bank take their homes and then they are auctioned for cheap to Musk et al?

Magewars had a brief revival

That was a little esoteric of a quote. In the movie, the British whip, I guess, is coming over for a meeting about a war committee. The British government wonk is in his 50s. He shows up to the meeting with his US counterpart and it is played by a young actor.

Another line from the movie: You know they’re all kids in Washington? It’s like Bugsy Malone, but with real guns.

A.J. Brown: Your first point there, the offence? I’m afraid I’m going to have to take it. Your second point, I’m 22, but item, it’s my birthday in nine days, so… if it will make you feel more comfortable, we could wait

-In The Loop

You have not paid your respirator subscription fee. Your oxygen will be discontinued in 5 minutes.