Friday, June 9, 2017
Senator Warren: We Can Win!
She discusses the fiduciary rule, which basically makes financial advisers take the best interest of their clients into account and not their own interest. Before the rule said advisers would steer clients toward investments that made the adviser and their company rich at the expense of the client. There's no other way to accurately describe it other than a fraudulent racket. The rule was set to take effect but T-Swamp delayed it in the hopes that it could be eliminated by the new Congress. However public support for the rule overwhelmed the Department of Labor so the people won this round, as the rule went into effect today. We can do it, defeat the Giant Swamp, if we but get busy and fight back.