One is not enough

Reader comment on: Vanguard's McNabb on the Debt

Submitted by Dan Calabria (United States), Nov 25, 2011 17:41

Despite their formidable size, Vanguard alone won't make a difference with the political class.

The only way they can create any impact is to convince the Investment Company Institute ("IC"), the very powerful lobbying arm of the mutual fund industry, to get behind an industry wide effort to communicate directly with Washington and convince them that these problems must be addressed and resolved.

Representing more than 90 MILLION mutual fund investors, the ICI can get the attention required to get the economy back on track.

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