Juggling Dynamite

After decades of queering rules, abusing trust and lobbying against higher standards, the financial business is in full on panic mode about the prospects of an incoming fiduciary standard (having to put the best interests of clients ahead of the advisor’s profits).

A whole army of consultants are now mustering to help ‘advisors’ figure out workarounds or how to restructure their business practices. Most in the advice business have been so conflicted and self-serving for so long that they literally have no clue what changes are required. It is comical but not funny.

This slideshow has been prepared by consultants to help enlighten financial workers on their problem practices, but it offers customers and outsiders some valuable insight on the kind of antics which are presently widespread.  If you use financial advisers/brokers/planners/representatives, it is worth your time to take a look at this.

See slide show: Fiduciary no-nos: 10 potential conflicts of interest.

Bankers have developed a habit of taking credit and cash for apparent upside while avoiding responsibility and any liability when things go bad. This one-sided bet is not available to the rest of us and it has to end for the bankers now with job losses, financial claw-backs and prosecutions in earnest. It’s way past time.

.@SenWarren tells @DavidGura Wells Fargo’s CEO must be “held accountable” for fake accounts https://t.co/H89WE9USD2 pic.twitter.com/KKul75UIFG

— Bloomberg TV (@BloombergTV) September 15, 2016

The film Snowden, which opens this weekend, was turned down by all of the big Hollywood studios. Director Oliver Stone explains what it took to make his film about the NSA whistle-blower—and why Edward Snowden deserves a presidential pardon. Here is a direct audio link.

Here is the trailer.
Joseph Gordon-Levitt stars as NSA whistleblower Edward Snowden in this real-life political thriller from Oscar winner Oliver Stone, co-starring Shailene Woodley, Melissa Leo, Zachary Quinto, Timothy Olyphant and Nicolas Cage.