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Obama bundler says he lost $25 billion of N.J. pension funds (hedge funder Orin Kramer)
PolitickerNJ ^
| 11/20
Posted on 11/23/2008 4:07:15 AM PST by TigerLikesRooster
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Man, we have another one on the bailout list.
To: TigerLikesRooster; NVDave; PAR35; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...
2
posted on
11/23/2008 4:07:51 AM PST
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
Government pension funds....part of the problem.
3
posted on
11/23/2008 4:08:39 AM PST
by
Sacajaweau
(I'm planting corn...Have to feed my car...)
To: TigerLikesRooster
I'm bettin’ some guys named Rocco and Vito “found” it.
4
posted on
11/23/2008 4:15:30 AM PST
by
BallyBill
(Serial Hit-N-Run poster)
To: TigerLikesRooster
The politicians are looting everything they can get their hands on.
5
posted on
11/23/2008 4:22:07 AM PST
by
ronnie raygun
( When CHANGE comes let me know, I'll put my tin foil hat on and sit in front of myTV)
To: TigerLikesRooster
That doesn’t strike me as a greater percentage that the loss of value for the DOW.
6
posted on
11/23/2008 4:25:31 AM PST
by
js1138
To: TigerLikesRooster
I can’t imagine how that happened. They got the President he wanted, yet his pension fund dropped more than stocks have ever dropped in history.
7
posted on
11/23/2008 4:26:46 AM PST
by
MathDoc
(War is Peace. Freedom is Slavery. Ignorance is Strength. Obama is Good.)
To: TigerLikesRooster
The pensions of state government workers have dropped like a stone along with the rest of the market and have little prospects for significant growth in this era.
Haven’t heard too much about this yet, but I imagine we will.
8
posted on
11/23/2008 4:31:37 AM PST
by
randita
(2 Chronicles 7:14)
To: TigerLikesRooster
An member of President-elect Barack Obama’s conversion team, speaking on condition of anonymity, reports Kramer is being considered for Secretary of the Treasury.
9
posted on
11/23/2008 4:31:41 AM PST
by
Bertram3
To: Bertram3
Obama assembling a financial demolition team? LOL.
10
posted on
11/23/2008 4:34:30 AM PST
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
OhBummer is the Erkle of the world’s economy.
11
posted on
11/23/2008 4:43:23 AM PST
by
rawcatslyentist
(I will stand with the Muslims ~B Hussein Obomunist ~~~~~~~~~~~~~~~ Verito Possumus~Verified Sleeper!)
To: TigerLikesRooster
has lost $25 billion -- including $9 billion in October
too impatient to wait out a market low
Grow the Economy, Stupid
12
posted on
11/23/2008 4:53:38 AM PST
by
Son House
(Mr. Øbama, Your Tax Increases Are Decreasing Job Opportunities)
To: Bertram3
“An (sic) member of President-elect Barack Obamas conversion team, speaking on condition of anonymity, reports Kramer is being considered for Secretary of the Treasury.”
Nope...Obama’s pick for Sec. of Treasury has already been named (Tim Geitner).
13
posted on
11/23/2008 4:56:31 AM PST
by
SumProVita
(Cogito, ergo...Sum Pro Vita. (Modified DeCartes))
To: TigerLikesRooster
hedge fund manager And he hedged his bets how? They've destroyed the meaning of that term. He should be called what he is: a leveraged fund crapshooter.
14
posted on
11/23/2008 5:12:10 AM PST
by
Reeses
(Leftism is powered by the evil force of envy.)
To: randita
The pensions of state government workers have dropped like a stone along with the rest of the market and have little prospects for significant growth in this era. The NJ numbers while big aren't really out of line for crash like we have had. The S&P 500 is down 50% while the NJ pension fund is down 30%.
The biggest problem these state pension funds have is the state coming in and borrowing on what is left and paying it back with crappy bond issues..
15
posted on
11/23/2008 5:13:34 AM PST
by
EVO X
To: Sacajaweau
Taxes, on you, will have to go up to make up this loss.
Maybe tax your 401K.
16
posted on
11/23/2008 5:27:16 AM PST
by
Leisler
("Give us the child for 8 years and it will be a Bolshevik forever. " Lenin)
To: Leisler
Obama CAREFULLY specified again and again...not raising INCOME taxes for the middle class. Fees, FICA, energy taxes.....
Right now....driving up the deficit is the most urgent PLAN for the Democrats...
After reading up on 401k's years ago, I decided that monies left to my kids should be free from the changing policies of the government and took it all out.
17
posted on
11/23/2008 5:38:55 AM PST
by
Sacajaweau
(I'm planting corn...Have to feed my car...)
To: Leisler
Taxes, on you, will have to go up to make up this loss. Maybe tax your 401K.
Or just take your 401k and put it in the SS "lock box" at three percent until you retire. At which time you will discover that the government spent that money the day after they took it and the SS "lock box" is still empty.
18
posted on
11/23/2008 5:45:01 AM PST
by
CPOSharky
(Coming up: Four years of Jimmuh Cartah on crack.)
To: Black Birch
The S&P 500 is down 50% while the NJ pension fund is down 30%.Let's give this guy a testimonial dinner for beating the indexes.
19
posted on
11/23/2008 6:12:03 AM PST
by
Salvey
To: Sacajaweau
Who cares?
The Taxpayer will just make up the difference.
20
posted on
11/23/2008 6:16:07 AM PST
by
Boiling Pots
(I'd be laughing if it wasn't going to be so expensive.)
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