Saturday, May 28, 2016

Dumb Ron Johnson doesn't want professional financial advisers WE HIRE to put our interests ahead of their own.

Having been in real estate for many years, I fully understood and believed very strongly in representing my clients, those who hired me to look out for their best interests. I wouldn’t have it any other way. It's crazy to think otherwise.

But oddly, our rugged independent free market Republican’s don't need loyal professionals with a fiduciary obligation to look out for their best interests. Why would you expect that....Roll Call:
STANDARDS FOR FINANCIAL ADVISERS: The Senate passed a measure (HJ Res 88) that would kill a new Department of Labor rule requiring those who provide professional advice to retirement and pension plans to adhere to fiduciary standards obligating them to put clients’ financial interests ahead of their own. It was due to take effect in April 2017.
Throwing common sense right out the window: Voting to allow the professionals we hire to con us and stuff their pockets with our money? Ron Johnson. Honestly, I can’t imagine one tight wad conservative who would let someone they hire represent someone else.  

Of course terrorist commie Tammy Baldwin voted against the free market, and allowing con artists to rip us off. What is life without a few risks and money to burn?

1 comment:

Jonathan Swift said...

Senator Johnson doesn't put our interest ahead of his own; why would he expect financial advisers should have to do so?

The financial advisers who don't our interests at heart will be the ones managing our money if politicians who aren't concerned about our interests get their way and privatize Soc.Sec.