Article: The stupidity of free-market chic ... in the stock market.

The Stupidity of Free-Market Chic . . . . . . in the Stock Market

Julia and Eugene McMahon never saw it coming. They were in a dark restaurant one evening with their "financial adviser" from Shearson/American Express, when she handed them a piece of paper to sign. "It's just red tape to open a brokerage account," the adviser told them. Even in the light of day, the McMahons wouldn't have read through the tiny print and understood the clause that was to win them a place in judicial history. They didn't know a lot of things that day. They didn't even guess that this nice woman who had befriended them in church would betray their trust and invest their retirement ...

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