http://socialize.morningstar.com/NewSocialize/Asp/FullConv.asp?forumId=F100000015&convSeqNumber=56365&mrr=1168805760
This is a very serious and timely issue, so I'll address it to hopefully set
everyone at ease.
First, The Vanguard Group Inc. (VGI) is actually a subsidiary of the various
mutual funds, each of which is a separate legal entity. The best way to
describe Vanguard's unique structure would be to think of General Motors
turned upside down, with Chevrolet, Cadillac, Oldsmobile, Pontiac,
