Tuesday, May 24, 2016
More unlearning
Astonishingly stupid.
Republicans controlling the Senate passed legislation Tuesday to block new Obama administration rules that require financial professionals to put their client’s best interest first when giving advice on retirement investments like individual retirement accounts. The Senate passed the legislation to roll back the rules by a mostly party-line 56-41 vote. The regulations are aimed at blocking financial advisers from steering clients toward investments with higher commissions and fees that can eat away at retirement savings.Thanks, fucking idiot Repoofs, for showing your NATURAL VOTERS that you hate us and want us to die in pain and hunger YET AGAIN. And then you wonder why we go with Trump or Sanders. Jesus. Admittedly the rules won't make a lot of difference .... most planners serve the client's interest anyway regardless of 'fiduciary standards' .... but eliminating the rules is a direct insult, a pile of shit thrown in the face, to savers and oldies. ¶ 4:16 PM
