He mentioned that after the Nov elections in ‘14 the Feds are going to be ‘sticking their claws’ into mutual funds, money funds, etc., and ‘anything that moves’. But that was it - no follow-up, no outrage, no suggestions on what to do about it - he just seemed resigned to the fact that it's going to happen.
Assuming this comes to pass, what will it mean for the markets, the fund management business, and the average Joe's retirement money, in your estimation?