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Lives to save, to invest, to pay for their children's education were being told to invest in stocks that merrill lynch knew were going to decline in value. >> the sad thing is that for many, many years people on wall street have known this has been going on. nobody has done anything about it. >> there has been massive wrongdoing, and we're going to act aggressively to address it. >> retail investors know there is no guaranteed return in the market. they know there is risk. but the one thing they deserve is honest advice and fair dealing. >> and then he became governor of new york. and then the...

This is the big political question this year. this is how you phrased it, e.j. "the more important and dynamic force behind the current disillusionment with government comes from those instead who actually believes it can be and should be effective. they do not think that the market is automatically rational or that the government has to be dumb. they are fed up with government not because their ideology or philosophy tells them to be, but because they don't think government has been doing a proper job of promoting prosperity, equity and fair dealing." so what has to happen? >> well, i think t...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.