Thursday, June 2, 2016
The banksters refuse to protect their own clients
From their greed and corruption. In this article big financial institutions are suing Obama's Labor Dept. for having the audacity to make a rule that requires them to give retirement advice in the best interest of their clients. How outrageous, right? Said banks have for ages given such advice for their own benefit and if it harmed the client then so what? Why should bankers have to give up on extra profits in the name of human decency and fairness? And to ensure the banks win this one they filed the suit in an untra-conservative district court within the same kind of Appeals Court as the next step. Also see Senator Warren's FB comments on this.