Comment by Lord-Jobo
13 minutes ago
The question is whether or not those industry professionals are speaking in their own interest, in the interest of all stockholders, in the interest of the economy as a whole, or any mix of the above.
This is why non partisan financial institutes like the FED and consumer protection groups like the CPB are important and we should have them as non corrupt and robust as possible.
Because it just doesn’t seem wise to trust asset managers with these kinds of things without a lot of evidence and transparency. The 2008 crisis should have taught all of us that much.
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