Don't Show Us the Money; Why Wall Street is sitting out the Social Security wars.

Publication: Newsweek

Publication Date: 28-FEB-05

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Byline: Charles Gasparino

It seems like a no-brainer that the prospect of privatized Social Security accounts would have Wall Street drooling. If the Bush administration's plan becomes a reality, financial firms stand to reap tens of billions in fees in coming decades as they welcome millions of new investors into the market as part of President Bush's much-touted "ownership society." An added bonus: all that new cash flowing into the market would bolster stock prices.

So why have the nation's big financial...

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