The Investment Company Institute spends $30 million each year just to lobby in Washington, and the lobbying group’s recent declaration that shareholder’s costs have dropped substantially since 1980 is just the latest example, according to a CBSMarketWatch.com column.

Quoting Gordon Gekko’s line, "Greed is good!" from the movie "Wall Street," Paul Farrell writes that the ICI’s study is "misleading and discredited" at a time of peril for the mutual fund industry.

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