Almost new. Worn only 5 months by Martha Stewart.
Posted on 01/30/2006 6:06:40 AM PST by Boston Blackie
Bill Clinton has made corporate reform one of his top causes since leaving the White House. He calls for more "socially responsible" investing, better protection of workers and greater diversity in corporate management. At the same time, he condemns cronyism, excessive pay for top management and an alleged emphasis on short-term profits at the expense of workers.
Sen. Hillary Rodham Clinton — a member of the Senate Health, Education, Labor & Pensions Committee — has bashed corporations for their failure to live up to their pension obligations.
Yet, as the senior adviser to two investment funds managing public pension funds, Bill Clinton has himself promoted an investment fund that promises to put money into "lower-income urban and rural communities" — but instead devotes its cash to Al Gore's upstart cable channel and his wife's financial supporters.
(Excerpt) Read more at frontpagemag.com ...
Thank you, Mr. Schweizer
Peter Schweizer is a Research Fellow at the Hoover Institution and the author of several books, including Reagan’s War, The Bushes, and Do As I Say (Not As I Do).
Almost new. Worn only 5 months by Martha Stewart.
It seems when x42 was the gov of Arkansas he messed with the teacher's pension fund and lost a lot of it. Thank's to some chinese money he was able to put back what he lost, but ole bill loves those teacher's pension funds.
Great article. We on FR should keep an eye on this, goodness knows the elite media won't.
I now remember that.....thanks!
I told a couple a couple of weeks ago, he is a retired principal, and she was a Master Teacher. They are the ones who will be hurt with this bs. It isn't my fight. If they end up on welfare because of this, it "ain't" my fault.
Apparently, they told some other retired teachers about my comments and after they got through being mad about me, they are waking up to this problem which is theirs. This couple and another recent retired female teacher have asked me what they can do. I told them to organize on the internet and start collecting articles of the past, current and future and raising hell. I sent this article to them, and the three of them thanked me.
"This couple and another recent retired female teacher have asked me what they can do."
Well, for starters, tell them to stop supporting these blood suckers at the polls.....
Glad to hear you are vindicated with these folks.
"Well, for starters, tell them to stop supporting these blood suckers at the polls.....
Glad to hear you are vindicated with these folks."
Absolutely! Two of them worked against our recent props and the husband worked for them.
The vindication sounds good, but between my wife and I, we probably know 100 teachers/administrators both active and retired. So far these are the only 3 which seem to still have a brain and some common sense. However as my wife said, it is a beginning.
Why on earth would anyone put a POLITICIAN in charge of their money? Even before you consider the whole Clinton corruption and previous pension fund bungling.
I'm sure Al Gore's cable company in paying out a hefty dividend /not. Aren't these things governed by ERISA? Sounds like a possible Fiduciary Liability claim.
http://www.aon.com/us/busi/risk_management/risk_transfer/fiduciary_liability.jsp
From the above:
The Employee Retirement Income Security Act (ERISA) of 1974 was designed to protect the rights of private pension plan participants. Fiduciaries of all employee benefits plans, including welfare plans and pension plans, assumed new responsibilities relating to the management and administration of benefits plans. Under the law, a fiduciary can be held personally responsible for shortages in the benefit plan's assets resulting from a breach of fiduciary duty, such as improper investment of funds.
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