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Friday, October 28, 2011 OWS is David v Goliath Says Bogle What does Vanguard [profile] founder Jack Bogle think of the Occupy Wall Street protests that are breaking out across the country. If you were wondering, the Philadelphia Inquirer emailed him and asked. Bogle's answer: I like the idea of the idealism, frustration, and even anger that the Occupy Wall Street movement represents. These (mostly) young citizens can see what their elders (mostly) cannot - that the financial system is responsible for much of the havoc wreaked on our economy, with the penalties paid not by the Wall Street (and Greenwich) financiers and executives who led and participated in the abuse, but by the taxpayers of our nation. That our savers, as a result, are earning close to zero on their hard-earned savings is just one more example of this economic drain and profound unfairness. Printed from: MFWire.com/story.asp?s=38184 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |