Most Popular Choices
Share on Facebook 46 Printer Friendly Page More Sharing
General News    H3'ed 8/23/17

Mr. Trump Sides With Wall Street; You Lose

Quicklink Submitted By   1 comment, 7 series
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)

Free vector graphic: Money, Wealth, Dollar Sign, Gold - Free Image ...391 Ã-- 720 - 108k - png
Free vector graphic: Money, Wealth, Dollar Sign, Gold - Free Image ...391 Ã-- 720 - 108k - png
(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:

Must Read 1   Valuable 1  
Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

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...)

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.
Follow Me on Twitter     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     OpEd News Newsletter
   (Opens new browser window)

Other Series: View All 945 Articles in "Shameful"

Other Series: View All 574 Articles in "Trump"

Other Series: View All 229 Articles in "WEALTH"

Other Series: View All 732 Articles in "wrecking Ball"

To View Comments or Join the Conversation:

Tell A Friend