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Looting the Pension Funds?
Pension Pulse Link to more items from this source
[Opinion]
Sept. 27, 2013
"[Matt Taibbi] brings up excellent points but he fails to delve deeper into a topic that is far more complex than his article [in Rolling Stone] leads you to believe. He points fingers at 'ambitious' politicians who fund 'greedy' hedge fund and private equity managers in exchange for political contributions, but fails to see the bigger problem is the lack of proper pension governance which has literally crushed the U.S. public pension system over the last 30 years. And when you focus on governance, you will quickly see that everyone is to blame for the great retirement heist: governments, unions, pension funds, corporations, and all the financial intermediaries in between."

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