Where is the US Department of Labor on Theft of ERISA and Retirement Funds
Bud Burrell
Sanity Check via Wayback, 30 January 2006
Where is the Department of Labor in the total breakdown in surveillance of fraud against US individual and other pension and retirement assets? This is a fundamental responsibility of this Agency according to the Employee Retirement Income Security Act of 1974. Under their oversight (an oxymoron?), some $4 Trillion or more has been stolen from the savings of US investors placed in their retirement and pension accounts.
Why hasn’t anyone else addressed this issue? Why is the silence of DOL on this issue so total, literally deafening in it silence? It appears everyone responsible for protecting individual investors has deferred to the interests of the very wealthy and their front organizations, particularly hedge funds. What would happen if every small American simply stopped putting money into the market? That is what the markets deserve for their corruption, venality and arrogance.
