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Is only as blind as a trustee. and there is no guarantee that somebody won t be telling their trustee what they want done, or how to act. there is also cost of administrative expenses to setting up that qualified blind trust. there are different approaches, here but they all really share the same thing, which is members of congress should not be wheeling and dealing to benefit themselves. they should be working and doing for the american people. on the wheeling and dealing, i think that the stock act was part of what s disclosed what s happened, because the former disclosure provisions were looser, right? it is striking to me how much stock trading members of congress are doing. which is not a thing that normal folks do a ton of. people might have investments, they might have, you know, i. r. a. s, or they might have exchange traded funds, index funds, but saying well, there is this form of company, let s buy $10,000 worth of that, there is a lot of that going on in congress. more th ....
A unique plan in his state of the union called mi ra. doug takes a look. you don t think i would force you to buy a savings bond. count me in father i will buy. reporter: fast forward 50 years and an old idea is resurrected. we ll call it myra. not ira. it is a new type of savings bond set up without legislation that encourages americans to build a nest egg. a generation of baby boomers with savings depleted from the recession and later generations burdened with college debt and joblessness. a nation is unprepared for the financial future. there is no question that americans with lower incomes and middle income americans don t save enough. a large number of young people need to join in to make ....
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