Snake Oil

The working men and women that put their trust in a Trump Presidency have another Wall St. stealth attack on pension fund investments to deal with. If we recall from the not too distant past, the rating companies like Moody's and S&P assured the quality of commercial bonds and other investment vehicles that were near worthless. They lied through their teeth for under the table cash payments and intentionally over rated worthless mortgage bundles. The rating debacle was a major contributor to the financial meltdown. The Dod-Frank law put some controls on those miscreants and now the administration and their stooges in congress are hell bent to undo Dodd Frank.

In almost all cases the claims of snake oil salesmen that their product will cure everything actually cure nothing.