Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
General News

Mr. Trump Sides With Wall Street; You Lose

Quicklink Submitted By   Follow Me on Twitter     Message Susan Lee Schwartz     Permalink    (# of views)   1 comment, 7 series

Related Topic(s): ; ; ; ; ; ; ; ; ; , Add Tags

Must Read 1   Valuable 1  
View Ratings | Rate It Headlined to H3 8/23/17

Author 40790
Become a Fan
  (23 fans)

(Image by   Details   DMCA
 'This is obstruction, pure and simple. If the Trump administration gets its way, a rule to protect retirement savings, which would provide investors the same high level of care for both retirement and non-retirement accounts,  won't be enforced until mid-2019, at the earliest. The rule, properly enforced prevents banks,brokerage firms & insurance companies from steering customers into overly expensive products when comparable lower-cost option are available; this drains tens of billions of dollars in excessive fees from retirement savings. The fiduciary rule was debated & drafted over many years,and has  survived several legal challenges in federal court brought by the financial industry. It is no coincidence that the administration’s effort to roll back the fiduciary rule has been spearheaded by Trump's Economic Advisor, Gary Cohn, who was the president of Goldman Sachs.'

Read the rest of the story HERE:



- Advertisement -

Must Read 1   Valuable 1  
View Ratings | Rate It

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)

Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

Other Series: View All 531 Articles in "Shameful"

Other Series: View All 315 Articles in "Trump"

Other Series: View All 119 Articles in "WEALTH"

Other Series: View All 242 Articles in "wrecking Ball"