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closeupready

(29,503 posts)

6. "the most corrupt era in American history" - about sums it all up, right there.

Reply to Octafish (Original post)

Tue Sep 1, 2015, 10:30 AM

Sep 2015

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How Wall Street Parasites Have Devoured Their Hosts, Your Retirement Plan and the U.S. Economy [View all] Octafish Sep 2015 OP

They used to be more subtle about it Hydra Sep 2015 #1

Open Air Criminality Octafish Sep 2015 #3

"Goldman Sachs is a giant vampire squid wrapped around the face of humanity, relentlessly SharonAnn Sep 2015 #29

I think people see it Oilwellian Sep 2015 #42

K&R.... daleanime Sep 2015 #2

We are living in the wealthiest times in human history... Octafish Sep 2015 #5

By buying back their own stock, corporate CEOs are stealing future revenues from those corporations fasttense Sep 2015 #20

Not that great in Camden. JEB Sep 2015 #22

aided by both the rep and dem parties. KG Sep 2015 #4

That, unfortunately, is the problem. Ask UBS. Octafish Sep 2015 #7

"Buy Partisanship", indeed! Gramm and Clinton - two peas from the same pod. erronis Sep 2015 #18

"the most corrupt era in American history" - about sums it all up, right there. closeupready Sep 2015 #6

Neil Barofsky, then-IG for TARP, explained How Things Work. Octafish Sep 2015 #8

K/R marmar Sep 2015 #9

Kurt Vonnegut made things clear as a mountain stream... Octafish Sep 2015 #10

Powerful stuff angel823 Sep 2015 #12

Wow L0oniX Sep 2015 #13

A missed voice of JackInGreen Sep 2015 #16

Thanks for this excerpt! Time to get back to (re)reading some more Vonnegut. erronis Sep 2015 #19

God Bless You Mr. Rosewater is of my favorite novels. PufPuf23 Sep 2015 #25

Too cryptic. It's time to blow the lid off, and show everyone how banks and Wall Street take reformist2 Sep 2015 #28

"two-thirds of your 401(k) plan over a working lifetime is likely to be lost to financial fees" L0oniX Sep 2015 #11

K & R ctsnowman Sep 2015 #14

Parasites SoLeftIAmRight Sep 2015 #15

My retirement plan is just fine, thank you. Helen Borg Sep 2015 #17

K&R for the original post and subsequent informative posts and links. JEB Sep 2015 #21

THIS! tblue37 Sep 2015 #23

Yes, Soul Sucking Parasites. colsohlibgal Sep 2015 #24

They take 1-2% of your money each year, whether the market goes up or down.... reformist2 Sep 2015 #26

a 5 min google search taught_me_patience Sep 2015 #38

There are no funds that are free. Somebody runs them, and you better believe they charge you for it. reformist2 Sep 2015 #46

Yes, the Vanguard S&P 500 fund charges 0.17%/year (0.05%/year for $10,000 or more invested) progree Sep 2015 #48

Vanguard's S&P 500 Index Fund up 58 fold since inception (8/31/76) progree Sep 2015 #41

You may as well tell people they too can win the lottery. reformist2 Sep 2015 #45

I guess my parents and I have been serial lottery winners for decades. progree Sep 2015 #47

Banksters love the Greed is Good generation, so much so that they decided to keep America that way. Rex Sep 2015 #27

K&R for truth LongTomH Sep 2015 #30

Kicking...... Thanks, Good read as always. Take care my friend. N/t Hotler Sep 2015 #31

Kickety rec. hifiguy Sep 2015 #32

Not just parasites, extortionists (nt) Babel_17 Sep 2015 #33

Frontline didn't say that about 401k fees. The 2/3 figure is from a hypothetical example progree Sep 2015 #34

K&R Scuba Sep 2015 #35

This is one reason why Bernie is more electable than HRC. n/t Admiral Loinpresser Sep 2015 #36

K&R raouldukelives Sep 2015 #37

You have told the story of our Age. Octafish Sep 2015 #44

K&R#71 bobthedrummer Sep 2015 #39

K&R CrawlingChaos Sep 2015 #40

Jim Cramer openly admits to ripping off clients Oilwellian Sep 2015 #43

I'll read this when I get back. Quantess Sep 2015 #49