Trump Halts Fiduciary Rule Opposed by Financial Advisors; Orders Dodd-Frank Review


  • February 6, 2017 at 5:10 pm
    Agent says:
    Hot debate. What do you think?
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    Good old Bawney and Chris. Pushed through this dastardly legislation as they were leaving. They were responsible for the melt down when they said Freddie and Fanny were financially sound. Not so much as we found out.

  • February 7, 2017 at 9:34 am
    TrumPolarBear says:
    Hot debate. What do you think?
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    It’s a toss up as to which Dems did the most harm to the US economy; Dodd & Frank or Obama, Jarrett, Emmanuel, Gruber, Pelosi, & Reid (ACA).

    • February 7, 2017 at 10:04 am
      Agent says:
      Hot debate. What do you think?
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      TrumPolar, the Dems did a lot of damage to the country in the past 8 years and Republicans have to fix all that damage. Interesting that the sore losers want instant results to fix the damage and put the nation back on track. It is a good thing that we have smart people in charge now who will do the job given time.

      • February 7, 2017 at 1:05 pm
        TrumPolarBear says:
        Hot debate. What do you think?
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        I didn’t check on what changes will be made after the roll back.

        I assume most people who are smart enough to make money to invest will also be smart enough to ask the right questions when screening a fiduciary financial advisor.

        Libitterals are turning out in full force on the internet these days to cry out for financial advisor VETTING, but won’t accept the TrumPresident exec order to temporarily halt immigration from 7 dangerous nations because of inadequate VETTING.

        Those same Libitterals couldn’t care less about the long term welfare of our VETS, but are welcoming in ILLEGAL ALIENS and giving them BENEFITS that some US citizens aren’t eligible for in the same circumstances.

    • February 9, 2017 at 1:31 pm
      FFA says:
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      Rahm left OBama side early on so he could run Chicago into the ground. So its not really fair to blame him for the federal level issues.

      One the news this Am in Chicago, two children were assaulted on their way to school.

      Trump needs to contact Fr Flager, not any of these knuckle heads that just jump in front of a camera. Flager is the real deal. He is plugged into the worst neighborhood.

      • February 14, 2017 at 4:47 pm
        Agent says:
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        FFA, I saw where Rahm was asking for a meeting with our new President to discuss the huge crime problem in Chicago. What do you think he will say? My guess is “HELP”! Not sure he will get much unless he says he will stop being a sanctuary city voluntarily.

  • February 7, 2017 at 10:15 am
    ExciteBiker says:
    Well-loved. Like or Dislike:
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    “Trump also will halt another regulation that requires advisers on retirement accounts to work in the best interests of their clients.”

    I’d like to hear Agent or TrumPolarBear advise why requiring your retirement account adviser work in your best interest is a bad thing.

    Trump adviser Gary Cohn — the guy who raises a foot on top of subordinates’ desks when speaking to them — said “This is like putting only healthy food on the menu, because unhealthy food tastes good but you still shouldn’t eat it because you might die younger.”

    That doesn’t strike me as a very good justification.

    “Your retirement adviser should be able to screw you over and recommend horrible investments which are adverse to your best interests” seems like a really bad idea.

    How is that “draining the swamp”? Seems more like pouring toxic sludge into a pool.

    • February 7, 2017 at 12:58 pm
      TrumPolarBear says:
      Hot debate. What do you think?
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      I’m smart enough to ask a financial advisor if he/ she is qualified to be, and will act as a fiduciary.

      Aren’t you?

      That’s all I need say, unless you have some other dumb libitteral talking points you want to cut and paste.

      • February 13, 2017 at 1:17 pm
        Katie says:
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        Not all “qualified” financial advisers work in the best interest of their clients.

  • February 7, 2017 at 11:42 am
    KP says:
    Well-loved. Like or Dislike:
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    As someone who has been affected by an unscrupulous broker, this concerns me.

    • February 7, 2017 at 1:00 pm
      TrumPolarBear says:
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      Didn’t ask if your advisor was a fiduciary? If not, why not?

      • February 7, 2017 at 1:32 pm
        Mr. Mister says:
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        I can’t imagine a situation where it’s preferable for financial advisers to be doing business in anything except their client’s best interest.

        It would be like allowing a butcher to sell bad meat, and put the onus on each and every customer to ask for each cut’s date of slaughter, date of expiration, the health of the animal pre-slaughter, city of origin, whether it was kept refrigerated the whole time, and whether or not the butcher has Hepatitus A.

        Clients should be able to assume a financial adviser is working in the customer’s best interest just like customers should be able to assume a base level of cleanliness for foodservice.

        • February 7, 2017 at 4:06 pm
          TrumPolarBear says:
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          Nope. Bad analogy. Try again.

          Your other points are valid. Ask and if there is any hesitation to answer the questions, move on to another FA.

          • February 7, 2017 at 4:42 pm
            Confused says:
            Well-loved. Like or Dislike:
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            You just don’t like the analogy – it was actually a great one: both situations rely on expert’s advice under the presumption that the expert is not going to act in their own self-interests while simultaneously and intentionally harming their customers (either physically or financially).

          • February 8, 2017 at 7:15 am
            TrumPolarBear says:
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            If you think it was a good analogy, it must not be.

          • February 13, 2017 at 10:58 am
            Agent says:
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            TrumPolar, I wonder how many investor’s asked Bernie Madoff what his qualifications were before investing with him.

  • February 7, 2017 at 12:43 pm
    Captain Planet says:
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    45 doesn’t even know what he’s signing. The guy can barely read. Sad. So sad.

    • February 7, 2017 at 12:59 pm
      TrumPolarBear says:
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      How did he become a billionaire?

      That is a simple stumper that Libitterals never can get beyond.

      • February 7, 2017 at 1:06 pm
        TrumPolarBear says:
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        @Planetoid:

        Are you a billionaire, yet? No? How soon will you become one?

      • February 7, 2017 at 4:08 pm
        Don't Call Me Shirley says:
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        He got to be a billionaire by first being born into money, then robbing people to get more. Then he racked up more debt than he is worth (from foreign banks, because U.S. banks won’t lend to him anymore). His net worth is less than zero; that’s why he won’t release his tax returns.

        • February 8, 2017 at 7:16 am
          TrumPolarBear says:
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          LOL! Got any other funny stuff to add?

        • February 9, 2017 at 6:12 pm
          TrumPolarBear says:
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          @Shirley Kidding:

          HOW MUCH did TrumPresident inherit?
          What portion of a billion dollars is that?

          How much did John F. Kennedy inherit? How did the source of the inheritance make that fortune? Did that violate any laws?

          • February 13, 2017 at 11:00 am
            Agent says:
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            TrumPolar, JFK’s old man made his fortune bootlegging during Prohibition.

  • February 7, 2017 at 1:32 pm
    Captain Planet says:
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    The Swiss know a little something about money investing. They also know a lot about 45:

    https://www.youtube.com/watch?v=lcHpLnCp8VE

    • February 7, 2017 at 4:07 pm
      TrumPolarBear says:
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      porn video warning!

      • February 7, 2017 at 4:48 pm
        Confused says:
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        You obviously didn’t click the link.

        You’re a liar and not a very good one at that.

        • February 8, 2017 at 10:16 am
          Agent says:
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          You are a troll and not a very good one at that. No wonder Bob gave up trying to talk sense to you.

  • February 10, 2017 at 1:39 pm
    Little Guy says:
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    Put the Fiduciary on the backs of Brokers.

    Break up the banks and make them separate from the financial industry once again. Or, regulate them, so they have to break up.

  • February 13, 2017 at 1:12 pm
    Katie says:
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    Why do the financial industry advisers hate that on retirement accounts they are supposed to work for the best interest of their clients? Isn’t that a given that they would take care of and work for the best interest of their clients? Whose interest are they working for?….their own?????



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