On 12/15/14 6:20 PM, raghu wrote: > Specifically, I think it is interesting and relevant to enquire into the > possibilities and limitations for someone like Warren inside the DP. > What forces allow (or pressure?) her to denounce a powerful group like > Wall St swaps dealers on the one hand, but prevent her from similarly > criticizing pension trustees - basically union bureaucrats - who are > trying to stiff their own members from their retirement benefits. > > You'd think that for neoliberals, the latter would be a much easier > target to go after than the former. > -raghu.
=========== See; there's a guy, goes by the name of Warren Buffett......... http://www.pionline.com/article/20140303/ONLINE/140309986/buffett-warns-of-rough-road-ahead-for-public-pension-funds Billionaire Warren Buffett has a warning for investors in his 2014 annual letter to Berkshire Hathaway shareholders released Saturday: During the next decade, there will be a lot of bad news about public pension funds. Mr. Buffett wrote in the letter that “local and state financial problems are accelerating, in large part because public entities promised pensions they couldn't afford.” “Citizens and public officials typically underappreciated the gigantic financial tapeworm that was born when promises were made that conflicted with a willingness to fund them.” In his letter, Mr. Buffett referred to a 1975 memo he wrote to Katharine Graham, then-chairwoman of The Washington Post, regarding the “pitfalls of pension promises and the importance of investment policy.” Mr. Buffett writes the memo is “helpful to you in understanding the necessity for prompt remedial action where problems exist.” [And we all know Mr. Buffett is just another toxic union bureaucrat] _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
