Wall Street WARZONE
Investor “Education?” No, Just More Hype From Wall Street’s Marketing & Sales Propaganda Machine!
by Paul B Farrell, JD, PhD
| Discuss | | 2/16/2010

One of Wall Street’s central goals is the accumulation of more assets under management … and “more is never enough.” The greater the assets under management, the more fees and commissions Wall Street can charge for relative little management, and the richer insiders get. When they do (reluctantly) sponsor “investor education” programs, they are in fact marketing and sales tools to get new business. As former SEC Chairman Arthur Levitt once put it: “Most of the players in this highly profitable industry are reluctant to spend more than a pittance on educating fund investors because funds know they can make more money off uninformed investors.”

Just as the Pentagon knows psych-ops disinformation strategies work, Wall Street knows these so-called “Investor Literacy” and “Investor Education” programs are tools to indirectly manipulate investors. These programs don’t help investors, they hurt: America’s national saving rate dropped from more than 11% in the early Eighties to below zero in recent years even as these programs grew. They are designed to control Main Street investors by broadcasting Wall Street’s slanted messages and neutralizing counterattacks. (More)