There otta be a law

http://en.wikipedia.org/wiki/Fiduciary_duty#Conflict_of_interest_and_duty

In some circumstances, we should expect people who oversee our best interests to have only our best interests at heart. They should neither profit from our fortune nor suffer from our misfortune. They should do right by us as their only duty. In exchange, they deserve our respect and a fair wage.

Where should this be applicable?

1. Banking. When a bank takes your money, it should use it in your best interest. When a bank lends you money, the interest you pay should reflect the true value of money. Bankers are entitled to respect and a fair wage, but not to bonuses, as there should be no money left over.
2. Government. Those who vote on laws and enact laws should have no financial benefit from doing what they believe is best for us. This would include paybacks and other personal perks.
3. Health care. Those who insure and provide our health care should not be entitled to bonuses. Physicians, nurses, therapists, and technicians are pretty much paid by the hour or by the work product, so at the present time they meet the criteria for fiduciary. Managed care organizations are often profit centered, with bonuses, charity donations and retained earnings indicating their lack of being centered on the best interests of their insured.
4. Investment organizations. This includes stock brokers, fund and bond managers and the like.
5. Other insurance agencies. Life and property insurance should also be based on the fiduciary principle.
6. Attorneys and the legal system.

I am not saying that fiduciaries do not deserve to make a good income. They are in a position of trust and probably deserve greater pay for that specific reason. They control things that individuals cannot. Without trust in their good intentions on our behalf, our society crumbles.

Docbrain believes there should be a fiduciary law that enforces the choice of duty over personal interest in the above systems. Just as physicians take an oath of duty to their patients' best interests, breach of which is punishable by loss of license, so should there be a similar practice in the areas of banking, government, law, and insurance. None of these fields should be driven by self interest.