There is a simple truth about public pensions that the corporate media and influential foundations don’t want you to hear - the benefits are not the problem, Wall Street is the problem: “Wall Street wants public discussion on pensions to focus on unfunded liabilities to deflect attention from the real problem: Nearly every major bank, hedge fund and private equity firm makes big money off pension funds. For a fund to run out of money is exceedingly rare. It is the mother of all red herrings — a carefully crafted plan to keep the public distracted while Wall Street walks to the bank.”
Posted on: Sun, 28 Dec 2014 21:00:10 +0000
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