You had to know that the Fed does not want any of the US government's bad debt. Since no one else wants it either Obama needs to go to plan B. Do like Poland did and essentially confiscate the IRA and 401k money saved by all of the hard working citizens. There is a huge hoarde of 19.4 trillion that needs to be managed and protected by the bureacracy.

The bureau’s core concern is that many Americans, notably those from the retiring Baby Boom generation, may fall prey to financial scams,

http://www.zerohedge.com/news/2014-01-28/obama-unveil-treasury-ira-plans-or-planning-post-monetization-world