Your Letters: Privatizing Social Security is 'worst idea ever imagined'
What do Drexel Burnham Lambert, Lehman Brothers, Madoff Investment Securities, Wachovia, Washington Mutual, CIT Group, Merrill Lynch, Bear Stearns, AIG and Citi Group all have in common? They were all highly regarded private investment firms that were incorporated after the Social Security Administration was established in 1932 and went bankrupt or were bailed out before going bankrupt in the last 30 years.
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