Also, this guy must be oblivious to how many “pensions” are now being bundled into the market and gambled.
“Pension” doesn’t mean shit anymore when wall street fat cats can wheel and deal with it and you suddenly lose all the money you had in it through no fault of your own.
Especially at the State level, State’s absolutely use their pension funds for “investment” to “ensure they grow.”
All it takes is one bad move by the investor in charge.
Also, this guy must be oblivious to how many “pensions” are now being bundled into the market and gambled.
“Pension” doesn’t mean shit anymore when wall street fat cats can wheel and deal with it and you suddenly lose all the money you had in it through no fault of your own.
Especially at the State level, State’s absolutely use their pension funds for “investment” to “ensure they grow.”
All it takes is one bad move by the investor in charge.
Even pensions are a fucking racket at this point.