Bush official Charles E.F. Millard shifted insurer's billions into stocks just before crash

[Stinger2]

Bush official shifted insurer's billions into stocks just before crash

Switching from a heavy reliance on bonds, the Pension Benefit Guaranty Corporation decided to pour billions of dollars into speculative investments such as stocks in emerging foreign markets, real estate, and private equity funds. ...

"One of the big drives behind Social Security privatization was the desire to find more money -- in the case of Social Security, a lot more money -- to keep the fires burning on Wall Street," he adds. "Not just more fees for the people handling the money, but more money to keep pushing asset values higher. This looks like the same thing just using slightly different means."

http://ccoaler.blogspot.com/2009/03/bush-official-shifted-insurers-billions.html

This really shows the Corruption with the Bush administration and wall Street.

Pension Fund News, is your pension safe? Search here… DU "Pension Fund"

http://www.democraticunderground.com/searchresults.html?q=pension+fund&sitesearch=democraticunderground.com&sa=Search&domains=democraticunderground.com&client=pub-7805397860504090&forid=1&ie=ISO-8859-1&oe=ISO-8859-1&cof=GALT%3A%23008000%3BGL%3A1%3BDIV%3A%23336699%3BVLC%3A663399%3BAH%3Acenter%3BBGC%3AFFFFFF%3BLBGC%3A336699%3BALC%3A0000FF%3BLC%3A0000FF%3BT%3A000000%3BGFNT%3A0000FF%3BGIMP%3A0000FF%3BFORID%3A11&hl=en

[DJ13]

1. An obvious GOP effort to prop up the stock market for the GE

This needs investigating beyond the obvious mismanagement of pension money.

It could be real proof of an attempt to influence the election.

[jody]

2. And we still don't know who made a bundle off airline stocks on 9-11. n/t

[Raster]

3. No we don't.

[HowHasItComeToThis]

6. TREASON ABOUNDS

[Hannah Bell]

4. he needs to be charged.

[bemildred]

5. So lemmee guess, he's going to get a bonus? nt