Rep. George Miller (D-Calif.) tells Steve Kroft that many mutual funds levy fees which are often undisclosed and can eat up big chunks of an investor's 401(k...

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Comment by Eric Watkins on July 4, 2016 at 8:07am

Clarence, I totally agree with you.  This type of reckless behavior has to be dealt with and stopped immediately.  The fix is in from the start.  These financial systems are set up so that we will think that there will be this nest egg to be had when and if we reach retirement age, which by the way keep going up and you can't take your money out of it without paying a penalty and they pinch off of it through hidden fees year after year for the life of our contributions, I don't know about you but I am ready to get the word out to as many people as possible and make some noise.  If politicians can't get answers then if we organize and let our voices be heard we can and will get answers from these crooks with pens.

Comment by clarence Merke on June 29, 2016 at 11:08pm

This was an unprovoked act of aggression upon us the customer. The financial people who have asked us to trust them. Those financial brokers pretend they are your friend. They lurk around churches, little league events, clubs, or any where they can act like they really care, or  to act like they really want to be a part of what ever is going on. All they care about is themselves. This interview proves it. When you use the term "hidden fee" that is the same as "stealing", plain and simple. When you use the term "lobbyist" that is the same as "thug for hire" plain and simple.  We all know what needs to be done with thugs that steal from widows, orphans, and hard working folks. Lock them up.

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