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> Why would Main Street transact with them at all if that were the case?

Because we force them to, through 401k's and the like.

What specific law are you referring to that forces Main Street to invest in 401Ks?

The tax code, mainly (and remember attempts to privatize social security?). Not overt force, no, but intended to skew behavior certainly.

401k doesn't force you into wall street. You can buy govt securities or money market, unless your employer is awful.