Bernie Sanders Endorses Obama's Push to Protect Your Retirement. Where's Hillary?

[portlander23]

Mother Jones: Bernie Sanders Endorses Obama's Push to Protect Your Retirement. Where's Hillary?

Known as the "fiduciary rule," the plan comes from the Department of Labor and attempts to protect the interests of people with retirement accounts. Currently, retirement investment managers don't have a legal responsibility to represent their clients' best interests when offering advice. Instead, they're free to push their clients toward investments that would be profitable for the manager rather than the consumer. A broker might steer a client's 401(k) to a favored firm that sponsored a recent golf outing, for example. That sort of shady advice hurts consumers, especially as old-fashioned pensions continue to decline and are replaced by 401(k)s and IRAs. The Department of Labor has estimated that conflicted advice costs consumers $17 billion per year.

[Sinistrous]

1. Don't worry. Hillary will be signing on in a couple of days.

Being the practiced follower she is....

[hifiguy]

2. I doubt it. Her owners the banksters

would rather drink hemlock than be legally required to behave ethically.