Posted on 03/18/2016 9:55:16 AM PDT by 1Old Pro
There is a Tsunami about to hit the financial services world next week. It could threaten companies and thousands if not tens of thousands of jobs. Not to mention it could and will have a major impact on how people will get advice on their retirement savings.
What is it? A DOL ruling expected next week.
As usual, after a dozen debates even by "business" newsmen, not a single question of the candidates on what they would do about Obama's DOL run amuck?
Typical media, chasing shadows and non events and avoiding any serious journalism.
Perhaps one journalist might ask the candidates if they agree or disagree with this monumental ruling?
I won't hold my breath.
What is Kasich’s and Cruz’ positions?
I thought Kasich need 107% of the delegates to be the nominee.
Trumps position is VERY VERY clear on this. He is for it and against it.
Yet he is STILL in the race. Why is that? Why is Cruz still holding on and clamoring for one last debate.
Frontrunners never ask for another debate.
No, no, no, you have it all wrong. He is VERY clearly against it and for it.
thanks for adding substantive comment.
i have no clue what you are referring to. DOL— Department of Labor”? Do you mean a new obama dOLL?
It's over for Cruz, however his supporters still didn't get the memo.
[It’s over for Cruz, however his supporters still didn’t get the memo.]
I have never seen such a severe case of denial in my life!!!
I have.
Bill, Hillary, and Obama supporters...
Denial, denial, denial...
But to your point, his followers are right up there.
Are you really Ken Paxton?
No. Are you really Bernie Sanders?
It’s a new Department of Labor reg banning conflict of interest by retirement advisers, and requiring disclosures with regards to fees and kickbacks (commissions).
Honest fee backed retirement planners shouldn’t be impacted, but folks that are selling products will now have a fiduciary duty to their customers instead of a duty to the insurance company or brokerage or bank who created the product.
If you are pure Randian who believes in survival of the fittest and that taking advantage of folks is the American Way to better yourself, you should be strongly against the rule. If you don’t like the international bankers and their minions, you might favor the rule.
Nope, I’m anti-communist.
You just lost ALL credibility Bernie.
Are you sure about that I heard him say to one candidate (I forgot which one) “You ugly stupid Pedophile I am clearly against it.”
Then I heard the other candidate say “Are you sure you are against it, yesterday you were for it”
Then Trump said “Yesterday I was for it?, then today I am DEFINITELY against it”
And all Trumps followers stood up cheered. No one can tell it like it is like Trump.
Commissions are on top of the table. Kickbacks are under the table. The rule impacts both, Ken.
the ruling doesn’t address kickbacks Bernie, but I’m sure you don’t care as long as we kill off “Wall Street” and those evil financiers.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.