The Observation Deck:  Judge to financial advisors, “thou shalt not lie to clients”

With all the attention given to the President’s slamming Nordstrom’s for discontinuing his daughter’s fashion line, and his telling the whole world we have a lousy judicial system, you may have missed the Trump regime’s attempt to make it legal for financial advisers to give their clients bad advice.  The “fiduciary rule” established by the Obama administration requires financial advisors to put their clients’ interests first when giving advice on investments and retirement accounts.  Seems reasonable right?  Well, spearheaded by The Trump’s top economic advisor Gary Cohn, erstwhile president of Goldman Sachs, a law suit was filed to overturn the “fiduciary rule” and basically allow financial advisers to make money by lying to their clients and giving them bad advice.  Fortunately, a federal judge in Texas upheld the rule.  It looks like another “so-called judge” is prepared to stick up for what is right, constitutional and honest and willing to face the wrath of our so-called president.