Baltimore. About family, influences about shaping identity. Coates i was very fortunate. I have six brothers and sisters total. I lived in a household in west baltimore, right across the street where the disturbances in baltimore started earlier this year. You know, the world you grew up in, what you know in terms of what you are going to go out and see, and then theres the world thats on tv, and the world i knew was one in which there was a great deal of violence in the neighborhoods, where violence shaped the social customs of folks, and where a larger violence that was not as obvious, not necessarily somebody pulling out a gun or five boys jumping you, but a larger aspect of violence shaped the community. The thing i think of, i live in a household where i had a mother and a father. This was not the typical profile for most of my friends. I had a mother and father who both worked, who by that point were both very educated people. I have the basics covered in terms of my food, clothi
Other sister agency. Its a meritorious move. You said is, quote, good people operating in a flawed system. Would you explain that . Sure. There is a misalignment between the incentives that a person giving advice has and the best interest of the consumer. So, for instance, again, getting back to the tofels, if you have four or five different products under the current suitability rule that are suitable and product the first product, the variable annuity generates 26,000 a year in fees and another product, which would have a comparable return has a fraction of those fees, you have per verse incentive to steer them to the product that generates the most fees. And again, that is totally permissible so im not casting aspersions on the person that does it. Im saying thats not right. And we can device a system and i underscore what i said in my testimony, theres a substantial number of people, including one of the witnesses who will come up on the next panel, that operate under a fiduciary m
Ahead of this take a look at the futures. You did see an update for the markets but now things are relatively flat based on the big swings we have seen this week around greece. It does look like were looking at green arrows with the dow futures up 24 points. S p futures up by 5 and nasdaq up by 10. Greece negotiations between athens and creditors, thats off. At least for now. Everything is in a Holding Pattern ahead of this referendum off the countrys future that comes on sunday. It would back pension cuts and other measures and a no vote could trigger greeces exit from the euro despite the attempted reframing by the greeks. We have a lot more from michelle in athens and shell be with us in a couple of minutes. I agree with the greeks. I dont think either one would result in an exit. Theyre saying a no vote means that we should go back for tougher negotiations and the other europeans are saying thats not what that means. I think both sides are do you remember suicide isnt painless . Yo
Ahead of this take a look at the futures. You did see an update for the markets but now things are relatively flat based on the big swings we have seen this week around greece. It does look like were looking at green arrows with the dow futures up 24 points. S p futures up by 5 and nasdaq up by 10. Greece negotiations between athens and creditors, thats off. At least for now. Everything is in a Holding Pattern ahead of this referendum off the countrys future that comes on sunday. It would back pension cuts and other measures and a no vote could trigger greeces exit from the euro despite the attempted reframing by the greeks. We have a lot more from michelle in athens and shell be with us in a couple of minutes. I agree with the greeks. I dont think either one would result in an exit. Theyre saying a no vote means that we should go back for tougher negotiations and the other europeans are saying thats not what that means. I think both sides are do you remember suicide isnt painless . Yo
Ahead of this take a look at the futures. You did see an update for the markets but now things are relatively flat based on the big swings we have seen this week around greece. It does look like were looking at green arrows with the dow futures up 24 points. S p futures up by 5 and nasdaq up by 10. Greece negotiations between athens and creditors, thats off. At least for now. Everything is in a Holding Pattern ahead of this referendum off the countrys future that comes on sunday. It would back pension cuts and other measures and a no vote could trigger greeces exit from the euro despite the attempted reframing by the greeks. We have a lot more from michelle in athens and shell be with us in a couple of minutes. I agree with the greeks. I dont think either one would result in an exit. Theyre saying a no vote means that we should go back for tougher negotiations and the other europeans are saying thats not what that means. I think both sides are do you remember suicide isnt painless . Yo