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If this lawsuit succeeds, then we'll live a surreal world where financial companies are routinely hammered for charging high fees...and for charging low fees.
by ryporter 11y ago
If this lawsuit succeeds, then we'll live a surreal world where financial companies are routinely hammered for charging high fees...and for charging low fees. Perhaps we should have a state-mandated price list for all financial services.
- pc86 11y agoI'm sure you could find that proposal somewhere in Bernie's policy briefs.
- Zigurd 11y agoActually, Sanders proposed postal banking. That's not the same as Vanguard extending mutual ownership to the fund managers, but it's roughly the same effect: Retail banking and investing is a rip off in many cases, and having an alternative structure is going to save the small investors and retail banking customers many tens of billions of dollars.