Elizabeth Warren actually said...

Almost one-third of Americans on the edge of retirement have zero savings, and another third have less than a year's worth of income put awa...

It is hard, really hard, to save for retirement, and the stats bear this out.

It is legal to do that, and I think that's what the regulators say. It's legal.

We've got a problem with outdated laws, loopholes in the laws, and that's how we end up with these two different standards.