What's in Your Portfolio

[tw]

Originally Posted by IamSam

We have been lied to by the government at every turn.

Government did not create mutual fund scams. However corrupt political rhetoric tried to move Social Security into mutual funds. Others were so easily manipulated as to advocate that near disaster (along with another myth about tax cuts making a more prosperous economy). Who proposed those myths? People who would later be called the Tea Party.

We discussed poor investments in 2004. Government was nowhere in that discussion. Professional financial people (ie stock brokers, mutual fund managers) - not government - were specifically cited as the problem. Frontline in The Retirement Gamble has simply confirmed what was posted eight years earlier.