Dear candidates: Want to help the little guy? OK, here's how

Tucson, Arizona | Published: 10.10.2008 Dear Senators McCain and Obama, I'm writing on behalf of fund investors everywhere, the kind of average consumers you are counting on to prop up the economy, the type of average investors you are asking to stay patient and stay put with the markets, and the taxpayers who are now footing the bill for the foolishness that has put the credit markets on the brink of disaster. We're living through horrible economic times and a miserable stock market, and we're about to get slapped once again. It's not the next pending collapse — the one that will soon force the next rescue plan — it's the ordinary tax system kicking us in the fanny for our troubles. More than 90 percent of all mutual funds have lost money this year, according to the researchers at Morningstar Inc. As fund managers have been... [read full story]