Is Trump about to rescind the fiduciary rule?

https://theintercept.com/2017/02/06/donald-trumps-executive-order-will-let-private-equity-funds-drain-your-401k/

Official response from submitted

It looks like he intends for the Labor Secretary to move to prevent the April 1 start of the application of that rule. That would be a direct blow to the "middle class" he claimed to be running for, a direct contradiction of his stated commitment to a new deal for working americans (at least those lucky enough to still have a pension plan although now a defined contribution rather than as before the defined benefit sort of pension plan).


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  • Richard Wolff
    responded with submitted 2017-02-11 20:34:22 -0500
  • Thea Blair
    published this page in Ask Prof. Wolff 2017-02-11 19:02:32 -0500

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