Posted on 08/30/2007 6:18:39 AM PDT by HoosierGirl25
A huge number of Americans own stocks and bonds, but some of the largest investors are company, state and federal pension plans. With the financial power of these pension plans exercised by a few experts, most people have been unaware that the pension plan on which they rely -- or in which their state government invests -- may be supporting terrorist governments.
US law prevents direct investment in terrorist states, but companies that do business with those countries are lawful investments for US pension plans. To reverse that, Missouri, Louisiana, California and other states are leading a national effort to implement divestment legislation precluding their pension plans from buying stock of companies that do business with nations such as Iran.
(Excerpt) Read more at humanevents.com ...
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