Every now and then something comes along that we just have to spend a bit more time on than usual. Today in the second half of the show, we get into proposed legislation from the Department of Labor.
Now, this isn't the first time we've discussed the issue. But we now have congressional testimony to reference.
The testimony is enlightening. It confirms what we've suspected for quite some time…the people who try to make the rules for the financial services industry have no clue how anything ACTUALLY work.
We shouldn't be surprised. And we're not.
But our frustration level is high nonetheless. Changing the rules to say that you can't do something doesn't change the fact that bad people do bad things. Rules be damned.
And just because you can find an anecdote to support your theory, doesn't make it true.
If you care to listen here's the lineup for episode 175:
Thanks for checking out today's episode. As always, please let us know if there's anything you'd like for us to discuss in an upcoming episode, we're open to suggestions. The best way to reach us is to go over Contact us.