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Scaramucci said, the rule 'could be the dumbest decision to come out of the U.S. government in the last 50 to 60 years…It's about like the Dred Scott decision.' (Photo: AP)

(Bloomberg View) — This past weekend, while waiting in a bank, I happened to overhear a broker from one of the country’s largest firms try to explain to his client why the U.S. Department of Labor’s new fiduciary rule was so terrible.

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