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Member since: Fri Sep 17, 2004, 03:59 PM
Number of posts: 64,579

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Elizabeth Warren Exposes How Financial Advisers Exploit Retirees for "Villas, Castles & Vacations"

Elizabeth Warren Exposes How Financial Advisers Exploit Retirees
It's legal for them to choose free vacations over their clients' interests.

Retirees across America look to financial advisers for help in navigating options for smart retirement saving. But there's a scary fact many folks don't know when they entrust their life savings to a broker. According to a report released by Sen. Elizabeth Warren (D-Mass.) last week, many financial advisers promote inferior financial products to collect kickbacks—from pricey Caribbean vacations to gift cards and golf outings—offered by the companies that sell certain annuities. And what's worse, that practice is totally legal.

The study, called "Villas, Castles, and Vacations: How Perks and Giveaways Create Conflicts of Interest in the Annuity Industry," points out that loopholes in various rules from the Securities and Exchange Commission, the Financial Industry Regulatory Authority, state insurance departments, and other agencies allow this practice to continue. The tainted financial advice costs Americans about $17 billion every year.


Here are more examples of the types of perks that companies revealed to Warren's office:

In 2015, American Equity offered the top sellers of its products a trip to San Francisco for agents "and their guests." In 2014, the company offered top-selling agents a trip to Disney World. Children of sales agents who had sold an extra $600,000 worth of American Equity products traveled for free.
For its agents who sell more than $3.5 million worth of Athene products, the company is offering a 2016 trip to a conference in Aruba, with accommodations at the RitzCarlton.
Fidelity Guarantee and Life offered top agents a trip to the company's Power Producer Conference at the Four Seasons Resort in Punta Mita, Mexico.
American National offered its top-performing agents and their guests a five-day, four-night stay at the Cove Atlantis on Paradise Island in the Bahamas.


Ellen HILARIOUSLY Mocks The Red Cup Controversy, And It’s PERFECT

She begins by being very serious about how horrible it is that Starbucks is using the plain red cups and that they might as well be called “Satan Sippers.”

She then goes on to introduce a pair of “holiday vision glasses” that make you see Christmas cheer everywhere you go. It’s honestly the perfect response to such a ridiculous complaint.

To those still fuming about the Christmas red cup at Starbucks — maybe concern yourself with actual issues in the world that could use our concern like homelessness, starving children and ISIS.

Check out Ellen’s brilliance here:


Who's Fighting In Syria?


GOP Debate - Back To The Future

Frank Cerabino @FranklyFlorida
So let me get this straight, "party of the future"
wants to go back to gold standard, keep mining coal, and fight more in MidEast
8:10 PM - 10 Nov 2015
769 769 Retweets 993 993 likes



Drudge Disses The GOP Debate: The 'Benghazi' Movie Ad Was Better!


Fox Business Debate Question: "Whose (Tax) Plan Would God Endorse?"

NEIL CAVUTO (MODERATOR): First off, Dr. Carson, to you. You say you are in favor of a tax system, I guess akin to tithing, sir, with a flat tax rate of up to 15 percent because you said, if everybody pays this, I think God is a pretty fair guy. So tithing is a pretty fair process. But Donald Trump says that is not fair, that wealthier taxpayers should pay a higher rate because it's a fair thing to do. So whose plan would God endorse then doctor?


old man yells at cup


I stopped watching the GOP Debates after the LENGTHY-Benghazi Movie Commercial Played

Benghazi movie ad runs during debate

An extended trailer of Michael Bay’s upcoming film dramatizing the events surrounding the 2012 terror attack on a U.S. diplomatic facility in Benghazi, Libya, ran during Tuesday evening’s Republican presidential debate.

The film, “13 Hours: The Secret Soldiers of Benghazi,” features “The Office” star John Krasinski and tells the story of the attack that killed Ambassador Christopher Stevens and three other Americans.

The trailer nearly filled an entire commercial block on Tuesday, and likely met a welcoming audience, given the high ratings for GOP debates this year.

Immediately before the trailer, retired neurosurgeon Ben Carson accused former Secretary of State Hillary Clinton of telling a lie by giving one explanation to her family and another to the American public about the nature of the attack.


"Wetback" is a racial slur.

Wetback is a derogatory term used in the United States to refer to foreign citizens living in the ... Generally used as an ethnic slur, the term was originally coined and applied only to Mexicans who ... Interactive Dictionary of Racial Language.

11/10/2015 9:52 PM EST
Donald Trump Still A Big Fan Of ‘Operation Wetback'

Donald Trump said again Tuesday that mass deportation is possible -- just look at President Dwight D. Eisenhower’s 1954 mass deportation program "Operation Wetback."

The program, named after an offensive racial slur, deported an estimated 1.3 million people. That's less than a tenth of how many undocumented immigrants are in the country today, many of them with longstanding ties to the U.S.

"Move them way south, they never came back," Trump said. "Dwight Eisenhower. You don't get nicer, you don't get friendlier, they moved a million and a half people out. We have no choice. We have no choice."

But Operation Wetback had many problems, some of which would also be true of Trump's plan to deport or drive out every undocumented immigrant. It led to the deportation of U.S. citizens, just like Trump's proposal would, since it called for children of undocumented immigrants to be forced out of the U.S. with their parents.

Two of Trump's opponents, Ohio Gov. John Kasich and former Florida Gov. Jeb Bush, said mass deportation was unrealistic.

-- Elise Foley


GOP debate summation


oh & there is this too:

I just about barf when I hear republicans talk about how they support the troops!

and, and, and:
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