Trump halts fiduciary rule (user search)
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  Trump halts fiduciary rule (search mode)
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Author Topic: Trump halts fiduciary rule  (Read 1273 times)
RI
realisticidealist
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Posts: 14,825


Political Matrix
E: 0.39, S: 2.61

« on: February 03, 2017, 02:02:49 PM »
« edited: February 03, 2017, 02:06:29 PM by realisticidealist »

On top of trying to take out Dodd-Frank, Trump is killing the fiduciary rule requiring retirement brokers to have their clients' best interests in mind. For the life of me, I can't understand why you'd undo this other than from a crass excess of greed, malice, and selfish negligence.
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RI
realisticidealist
Atlas Icon
*****
Posts: 14,825


Political Matrix
E: 0.39, S: 2.61

« Reply #1 on: February 03, 2017, 02:24:58 PM »
« Edited: February 03, 2017, 02:29:41 PM by realisticidealist »

Boo! This is an issue that I know about, and care about. It's just disgusting that Trump is doing this. The financial industry when it comes to clients, does tend to be predatory. That's why I tell everyone who is amenable to listening to put their money in index funds at Vanguard, and keep the financial predators and "pornographers" far, far away from their money.

Done. I was literally picking my 401k options on another tab and decided on a Vanguard index because of this.

I've been looking into IRA options, and Vanguard's a pretty clear choice.

But regardless, a lot of regular, working people are going to get screwed over by this move.
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RI
realisticidealist
Atlas Icon
*****
Posts: 14,825


Political Matrix
E: 0.39, S: 2.61

« Reply #2 on: February 03, 2017, 08:48:04 PM »

You seem surprised.  Why?  Did you actually buy into Trump's con-game by which he tricked enough of the American people into supporting him to win the electoral college?  

Still, I guess better late than never.  Your eyes are now opened to the monster we have in the White House.  

Almost everything else Trump has done I can see some logical rationale for. This one I can not.
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