The looting of your pension funds
An explosive investigative report on the looting of your pension. Matt Tiabbi’s research reveals that cuts to your pension that you earned under contractual agreement equal fees paid to Wall Street to manage your city, town, county or province’s investments. This is an illegal transfer of earned wealth from cops, teachers and firefighters to Wall Street bankers and fund managers.
Read Tiabbi’s breakthrough article in The Rolling Stone.
Excerpt from the article:
Today, the same Wall Street crowd that caused the crash is not merely rolling in money again but aggressively counterattacking on the public-relations front. The battle increasingly centers around public funds like state and municipal pensions.
This war isn’t just about money. Crucially, in ways invisible to most Americans, it’s also about blame. In state after state, politicians are following the Rhode Island playbook, using scare tactics and lavishly funded PR campaigns to cast teachers, firefighters and cops – not bankers – as the budget-devouring boogeymen responsible for the mounting fiscal problems of America’s states and cities.
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