Friday, June 10, 2016
Republicans want to rip you off
And that's not an exaggeration or hyperbole. In this clip Hartmann reports that there are rules based on Dodd-Frank that require an investment broker to tell a client if their retirement investment is in their best interest. And the Republicans want to change that so that it is not required. In effect, Republicans want these investment advisers to be able to take your retirement money and invest so that they make money and you could lose it all. Which, by the way, is exactly what happened in the '08 crash. They used client's retirement money and knowingly invested it in fraudulent mortgage-backed securities to make money for themselves, knowing these accounts would crash. That is exactly what Republicans still want and why they want to change the Dodd-Frank rules.