this post was submitted on 26 Jun 2023
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Explain Like I'm Five | Don't Panic!

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ELI5 401(k) investment and losses (lemmit.online)
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The original was posted on /r/explainlikeimfive by /u/think_tank_roll on 2023-06-26 16:02:21+00:00.

If banks are certified and backed by the government, then why during financial crisis do people lose out on their retirement investments?

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