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December 23, 2011

Bogle: It's time to tame and tax Wall Street

  • Vanguard founder John Bogle says the financial system has gone off the rails: ‘There's 200 times as much speculation as there is investing.'
    • By MARK JEWELL
    AP Personal Finance Writer

    John C. Bogle counted himself among the 1 percent of wealthiest Americans a couple decades ago. You might not guess that today, when you hear the 82-year-old founder of mutual fund company Vanguard rail against economic inequality.

    He can sound almost like an Occupy Wall Street protester: “Our markets have gone crazy, and there is 200 times as much speculation as there is investing,” he says.


     
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