The Fox guarding the hen house....

And so it begins. After blasting Hillay Clinton for her close ties to Wall Street Donald Trump met with top Wall Street executives today from Goldman Sachs, Chase, and other institutions to discuss the best way America should provide oversight for their businesses - or more accurately what regulations should be released.

I remember when W did something similar and was told to loosen the grip of the SEC. Enron happened less than a year later.

Lookin out for the little guys.....

Our new president is being pressured by Republicans to disband the Consumer Protection Bureau (you might remember them as the government regulatory group that busted the Wells Fargo Account fraud scam last year).

Today at his meeting he consulted with Jamie Dimon - a ceo whose bank has been sued 1000 times for a wide range of customer violations both before and after the debacle of 2009. Trump kicked off the meeting with compliments for Wall Street's top scumbag - "There's nobody better to tell me about Dodd-Frank than Jamie,” Trump said before the meeting began."

Get ready for deregulation. And make sure you watch your back - you can bet nobody in the executive branch of our Federal Government will.

Why should retirees have the right to have their financial advisors act only in their best interests? If an advisor wants to ripoff his clients, why should the gubmint stand in their way?
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