I am happy for Mr. Stillman that his 401k is doing well (Mailbag, Nov. 15). I would recommend that he consider putting his investments into the safest categories possible, though.
If he thinks back to the Enron scandal, the dotcom crash, the savings and loan crisis, and then the mortgage fraud that brought on the Great Recession, an awful lot of this was brought on by the disastrous push for deregulation. Now, the president and his Cabinet and advisers, including several who were important to the crash — I meant, the recession — are in positions of greater power than they had before. So, If I still had investments, I would surely look for the best ways to keep them safe.
Lebanon (Nov. 18)