Comments on: Outgoing Bush Administration Seeks to Loosen Investment Adviser Regs http://cpatrendlines.com/2008/12/04/outgoing-bush-administration-seeks-to-loosen-investment-adviser-regs/ Actionable Intelligence for the Tax, Accounting and Finance Community from Bay Street Group LLC Thu, 09 Feb 2012 04:26:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tom Groth http://cpatrendlines.com/2008/12/04/outgoing-bush-administration-seeks-to-loosen-investment-adviser-regs/comment-page-1/#comment-540521 Tom Groth Sun, 07 Dec 2008 01:11:27 +0000 http://cpatrendlines.com/?p=1690#comment-540521 Wow. Anything to help out the banks and good old King Profit. In time, they'll have tellers signing people up for mutual funds, or routing them to a computer where they can chat with a sales rep from India who walks them through the process. and don't worry, the big banks will program their employees to say the right things to push these products and services, and the employees will re-enforce this training by "coaching" each other. We need to somehow educate people on financial matters so that they can look out for themselves. But we also need some serious regulation concerning leverage. Wow. Anything to help out the banks and good old King Profit. In time, they’ll have tellers signing people up for mutual funds, or routing them to a computer where they can chat with a sales rep from India who walks them through the process.

and don’t worry, the big banks will program their employees to say the right things to push these products and services, and the employees will re-enforce this training by “coaching” each other.

We need to somehow educate people on financial matters so that they can look out for themselves. But we also need some serious regulation concerning leverage.

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