Another Read & Weep instalment
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When it comes to money-shufflers, it's time for the whip
Date April 5, 2015 - 9:00PM
Paul Sheehan Sydney Morning Herald columnist
[Even if you've read many of the stories about banks and financial advisers selling
dubious products to clients at dubious prices,
the problem of opportunist greed in the financial advice industry may be worse than you think,
given that about $1.8 trillion is sitting in Australian superannuation funds.
Some thunder from on high was delivered recently by the world's most powerful bank regulator,
Janet Yellen, chairwoman of the US Federal Reserve, in her public commentary on March 4.
She was scathing:
"We expect the firms we oversee to follow the law and operate in an ethical manner.
Too often in recent years bankers at large institutions have not done so, sometimes brazenly.]
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