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States and municipalities are in deep financial trouble. Pension performance has faltered. Over a trillion dollars worth of municipal pension fund assets have been erased in the recent market meltdown. Full Article at Forbes
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Joshua Gotbaum, an operating partner at private equity firm Blue Wolf Capital, is expected to be named director of the Pension Benefit Guaranty Corporation by President Obama, the White House said Monday. Full Article at Dealbook
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For much of the last decade the California Public Employees' Retirement System cultivated the image of a cutting-edge pension fund -- pouring billions of dollars into potentially lucrative but high-risk investments, hounding companies to rein in... Full Article at Los Angeles Times
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If you missed "Oregon's Financial Gamble," the two-part series by reporter Mackenzie Ryan, please revisit the stories. (The series published last Sunday and Monday. Full Article at Salem Statesman-Journal
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TALLAHASSEE -- State Sen. Dan Gelber says the proposed anticorruption package he unveiled earlier this week is more vital than ever in light of the Securities and Exchange Commission's investigation of possible fraud by the board that oversees the state... Full Article at Miami Herald
Related Quotes
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It's not like city's position has gotten better; it's actually gotten worse
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Old age poverty is becoming rampant, especially for informal sector employees forcing us to rethink the approach ... We hope to offer every Kenyan some form of retirement savings in the next couple of years to secure their future.
– John Munyes SOURCE: AllAfrica.com -
They are telling people to join
SOURCE: Albany Times-Union -
This is another example of the complexity of Wall Street allowing those without a moral compass to profit
