Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: David Sirota: Leaked Docs Show How Wall Street Extracting Massive Fees from Public Pension Systems [View all]closeupready
(29,503 posts)10. Pension funds are commonly known as 'dumb money'
i.e., idle money in search of a return - sometimes gainful, but almost always enough to account for inflation. The 'dumb' part is accounting for the fact that most pension fund administrators are not the brightest bulbs, and can easily be fooled. Also, they are compensated less as a function of how the fund's investments perform, and more as a matter of seniority.
Edit history
Please sign in to view edit histories.
57 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
![](du4img/smicon-reply-new.gif)
David Sirota: Leaked Docs Show How Wall Street Extracting Massive Fees from Public Pension Systems [View all]
Hissyspit
May 2014
OP
People who handle pension fund money at any length should owe a fiduciary duty to the
JDPriestly
May 2014
#16
Some will rob you with a six-gun, And some with a fountain pen. Woody Guthrie
Tierra_y_Libertad
May 2014
#21
Google "Borzi," as in Phyllis Borzi, the Assistant Secretary of Labor for Employee Benefits Security
mahatmakanejeeves
May 2014
#23