Posted on 05/26/2005 3:20:00 PM PDT by LSUfan
State Treasurer Sarah Steelman today called for a halt to the investment of Missouri’s state public retirement funds in companies and banks that support terrorist activities or aid rogue states that support terrorist acts.
“Missouri’s retirement fund is now holding direct investments in overseas companies and banks that are alleged to have funding ties with terrorist activities and/or that are active in rogue states such as Iran,” Steelman said. “I am demanding these investments be stopped now, and stand ready to fight for whatever policy changes are necessary to make certain such investments are never made again.”
Steelman became a member of the MOSERS board when she became state treasurer in January. MOSERS staff independently makes investments of about $6 billion in the state retirement fund. An estimated 25 percent to 40 percent of those holdings are placed in foreign investments.
A recent check by Steelman found that Missouri’s retirement fund is directly invested in Arab Bank, an international financial organization currently under investigation by the FBI, the Treasury Department and Congress.
(Excerpt) Read more at treasurer.mo.gov ...
Accident or on purpose???
Who the hell would want to invest in the Arab Bank anyhow?
Bush gives 50 million dollars to terrorist scum. Maybe someone should call for a halt to that.
People who swim along the bottom, eyes shut and mouth wide open.
Ms Steelman sold out to the Trial Lawyers. Beauty is only skin deep.
How so?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.