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But brokers are generally required only to recommend “suitable” investments, which means, for example, that they can push a more expensive mutual fund that pays a higher commission when an otherwise identical, cheaper fund would have been an equal or better alternative."
Second, immigration policy has been caught up in today’s hyper-partisanship, where a strident anti-immigration tide within the Republican Party overwhelms all bipartisan compromise. All 26 state officials who have challenged the administration’s executive actions in the Supreme Court case are Republicans, and last month the G.O.P.-led House of Representatives voted to file an amicus brief on behalf of the entire House."
The agencies “are committed to carrying out the statutory mandate that systemically important financial institutions demonstrate a clear path to an orderly failure under bankruptcy at no cost to taxpayers,” said FDIC Chairman Martin Gruenberg in a statement Wednesday. “Today’s action is a significant step toward achieving that goal.”"
The government’s proposed customer due diligence rule, or C.D.D., is an attempt to close that loophole, a senior Treasury official said in an interview."
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