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In the discussion thread: Christie Crime Digest Volume III [View all]

Response to Laxman (Original post)

Mon Aug 17, 2015, 07:06 AM

105. How To Loot A Public Pension.....

Ahoy mateys! Thar be gold in them coffers and Cap'n Christie is here to take it! The good folks at HedgeClippers.org have done a handy little analysis of the New Jersey pension system and the results are disturbing. New Jersey has a serious pension shortfall. Governor Christie is running around the country touting his "reforms" as he tries to cut benefits that have been paid for by public employees based on that shortfall. He blames the "greedy" public employees. But in reality, it isn't a systematic failure of the pension funds, its been a deliberate hijacking of the public funds meant to finance public pensions and diverting it BY THE BILLIONS to Christie donors-who then used their sharp business acumen to produce smaller returns and charge higher fees.


Read the rest here: http://www.democraticunderground.com/10027020271

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