Your 401(k) Is Billionaires’ Next Bailout Scheme

The Trump administration appears ready to sign an executive order that would allow private equity firms to prey on Americans’ retirement savings. What happens if Wall Street can suddenly tap into the trillions of dollars tucked away in 401(k) accounts? Today on Lever Time, David Sirota speaks with former federal regulator Ted Siedle and economist Eileen Appelbaum to understand what private equity could do to Americans’ hard-earned retirement funds — and how you can protect your money. Get ad-free episodes, bonus content and extended interviews by becoming a member at levernews.com/join. To leave a tip for The Lever, click here. It helps us do this kind of independent journalism. Learn more about your ad choices. Visit megaphone.fm/adchoices