This latest fiduciary proposal will lead to the same harmful consequences as the first and should suffer the same fate.
David Roe: “This latest fiduciary proposal will lead to the same harmful consequences as the first and should suffer the same fate.”
Editor's note · Context
Roe calls for the withdrawal of the fiduciary proposal due to its harmful effects.
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If you were, you wouldn't behave like this. And nobody would spend their own money like this.
But I am mindful of something Rahm Emanuel said when he was chief of staff to President Obama in 2009. He said you never let a serious crisis go to waste. I am afraid some of us are doing that here.
Implementation and enforcement can be a good thing where government is working with businesses to help them get to a desired result or it can be a dagger in the heart.
It is embarrassing to me to go home and to look those folks in the eye who work as hard as they do and write the checks they do to see this big of a disaster, financial disaster.





