agreed
Posted on: July 20, 2016 at 12:34:31 CT
FootballRefugee
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and as an outsider in the NYC financial community sneered at by the bank fraternity, I am sure he understands it very, very well.
They were always a bit of a 'money utility' making fees off government bonds; the loose restrictions on IRA money has only given them more of an effective subsidy (managing tax-advantaged retirement accounts for exorbitant fees) and they have bought influence with those fees for eons.