Silly Government Ideas

I don’t want to get into debating the recent health care bill. Frankly, I am sick of it. It has been an exercise of watching Dumb and Dumber in an argument without any humor. However, I do want to point out my big sticking point to the plan: costs. The Republican portion of the Joint [...]

When I worked at Coast Guard headquarters years ago, I always heard from the civilian employees how they could make so much more in the private sector. They would make these claims as proof that they are “sacrificing” for the good of the nation. I would just pat them on the back and thank them [...]

Senator Dodd is going to introduce financial reform legislation soon, and he will be excluding the provision that dictates brokers act as fiduciaries for their clients. While most Americans have no idea what a fiduciary is or that their broker is not putting their interest first, this hurts consumers. This means that Wall Street will [...]

An article in the New York Times discusses the recent Congressional debate over instituting a fiduciary standard in the brokerage/financial planning world. What is a fiduciary standard? Why should you care? People acting under the fiduciary standard must put the interest of the client, customer, or recipient first, above all others including their own. Usually, [...]