The Fiduciary Rule

As Democrats in the House protested resistance to common-sense gun control, Republicans brought to the floor elimination of the fiduciary rule.

The rule is an administrative order now being tested by congressional authority. Stripping the rule of its legal, administrative authority does not really eliminate the liability associated with a fiduciary’s responsibility, which is to not offer products and services that tend to benefit the vendor more than the consumer.

It is naive to think that banks will not try and take advantage of pensioners, using complex financial products even the people selling them don’t understand.

The “sit-in” on this perplexing problem is to stand with Sanders.


About griffithlighton

musician-composer, artist, writer, philosopher and political economist (M.A.)
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