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Financial market reform is a top-of-mind issue these days, as can be expected after a historic collapse in the global economy. It is particularly top of mind for average Americans whose retirement accounts are now so tightly entwined with the financial sector - and who have seen their 401(k)s crash, right along with the markets. At issue is the country's retirement system, which has moved away from defined-benefit pension plans to defined-contribution, employee-controlled accounts. Tax policy has changed to encourage employees to save for retirement by way of these accounts, most of which are invested in the stock and bond markets. And the financial services industry is fueled by the trillions American workers hold in these very accounts.
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