The General Accounting Office said in a 2000 report that the result is that many investors don't give fees muchthought and overpay, while funds don't compete much on fees.
But he didn't really give the case muchthought until 13 years later, when as a sophomore at Eastern Michigan University he attended a lecture by Mark Lane.
Today's release of the full consultation responses and a research report commissioned by the Government givemuch food for thought for those charged with drawing it up.
Still, despite not knowing much, we wanted to give you a look at this device anyway because we thought it would be a good opportunity to give you some early impressions of the performance.
This morning at the gym I picked up a 25-pound weight and thought about how much more difficult it would be for me to give a keynote speech or walk through a big airport carrying it.