While reforms like the fee disclosure rules from the U.S. Department of Labor (slated to take effect July 1) are positive steps, the Demos model described in their report shows how listing fees on account statements will not address the other factors that keep fees high nor fix the structural weaknesses in the current risky, individualized retirement system.

FORBES: 401k Expenses Still a Pernicious Rip-Off

One thing left for him to do: fix the high-end disk drive business, where the company used to think it was going to make all of its money.

FORBES: Serendigity

But the Fed Chairman is fixated on trying to fix the high unemployment problem in the U.S. by pumping up an already recovering economy, and in the process has his head in the sand regarding inflation.

FORBES: The Fed Is Wrong, Inflation Is Here