There is obviously some fine, skeptical reporting being done. But not enough reporting chooses to lean against the wind. And it's not just stocks and mutual funds that get too little critical attention. It's unfair arbitration procedures, whether for stocks or for health insurance coverage, where consumers can't win their cases because the industry stacks the arbitration board. It's the financial salespeople who virtually stand in the lobbies of corporations to catch people leaving with lump-sum retirement payouts.
Some financial advisers are helpful and sound.
Some are wolves, stalking Little Red Riding Hood. We're all into financial deregulation now, which, in many ways, is good. The economy and the press follow the baby boomers. As they pass fifty, they quit buying physical stuff and start buying financial security. Retirees are fleeced today, of course, but there aren't enough fleecees to reach a critical mass.