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One issue is even if there are no abuses the industry cannot handle having a best interest standard applied to these recommendations. Thats what the dol is doing. Its almost the standard that is applied to broker dealers under the suitability standard. The recommendation must be consistent and you look under the hood and it turns out these are some of the worst violations that you can find. In one case the court said this was egregious misconduct. These are cases if many if not most broker deals. The unsuitable recommendations are accompanied by other Violations Including failure to supervise,...

Fascism. Ohio, democratic caller. Our last caller. Say imi would like to looking at their ratings and they are low because congress is slow because it is impractical nowadays. When the Founding Fathers made america, they were not thinking about population as large as it is now. Basically, there are way too many viewpoints for congress to laws or denyo pass others. We have the technology now where we can actually direct democracy. People have ipads in the internet. If we just voted online or Something Like that, dont have the infrastructure all laid out, but i feel like that to be a much more e...

Obligations and the full faith and credit of the United States cannot be called into question. Among the catalyst, there was expectation that the fed could taper sooner than expected. Today, andre pinalto will speak at 8 45. Fed chairman ben bernanke will appear tonight at 7 00 p. M. The treasury auction of 43 billion in tenyear notes could be a key thing to watch for the markets today. If you take a look, the yield on the tenyear, 2. 76 . It has picked up steadily since fridays jobs reports. But that treasury auction is set for 1 00 p. M. Were watching oil prices and api will be releasing its...

It it remains to be seen whether they are going to be safety case or performance standards or what kind of regulators they are going to be. Norway is another great example. Colombia has a terrific regulator. Those are other countries that have done this well. And on the fund, i think its pretty much only norway that has done this with the kind of political independence, fiscal independence that mexico has done. I think its worth spending a moments talk about the regulator. Thats the key element right now i think in this. The question a the lot of us have is we have a very small, underfunded co...

Recommend the retirees of infamy to 70 to 80 of their preretirement earnings. The typical new retiree today receives a Social Security benefit equal to 69 of their earnings immediately preceding retirement. Does this mean the retirees are living high on the hog in Social Security . Of course not. Many lowincome retirees who clearly receive inadequate benefits of the program, but its not their Social Security benefits are altogether sanjay. If you look at economic cultures say the u. K. , canada, australia or new zealand Pension Plans offer rates pretty close to a Social Security pays. Social s...