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Wall Street Firms Cautious on Social Security

By Mike Pesca
Published February 1, 2005 at 11:00 PM CST

President Bush's privatization plan for Social Security carries potential benefits and pitfalls for Wall Street. Private accounts could mean a windfall for investment firms and fund managers, but the financial industry remains largely silent on the issue. Mike Pesca reports.

Copyright 2005 NPR
Politics & Government
Mike Pesca
Mike Pesca first reached the airwaves as a 10-year-old caller to a New York Jets-themed radio show and has since been able to parlay his interests in sports coverage as a National Desk correspondent for NPR based in New York City.
See stories by Mike Pesca
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