Look who parks their cash at Bain

New York Post ^ | 9/1/2012 | Deroy Murdock

[TerriHaute]

Democrats convened in Charlotte, NC, will double down on their claim that Bain Capital is really the Bain crime family. They will accuse Republican nominee Mitt Romney and Bain’s other “greedy” co-founders of stealing their winnings, evading taxes and lighting cigars with $100 bills on their yachts. But Bain’s private-equity executives have enriched dozens of organizations and millions of individuals in the Democratic base — including some who scream most loudly for President Obama’s re-election. Government-worker pension funds are the chief beneficiaries of Bain’s economic stewardship. New York-based Preqin uses public documents, news accounts and Freedom of Information requests to track private-equity holdings. Since 2000, Preqin reports, the following funds have entrusted some $1.56 billion to Bain:

• * Illinois Municipal Retirement Fund ($2.2 million)
• * Indiana Public Retirement System ($39.3 million)
• * Iowa Public Employees’ Retirement System ($177.1 million)
• * The Los Angeles Fire and Police Pension System ($19.5 million)
• * Maryland State Retirement and Pension System ($117.5 million)
• * Public Employees’ Retirement System of Nevada ($20.3 million)
• * State Teachers Retirement System of Ohio ($767.3 million)
• * Pennsylvania State Employees’ Retirement System ($231.5 million)
• * Employees’ Retirement System of Rhode Island ($25 million)
• * San Diego County Employees Retirement Association ($23.5 million)
• * Teacher Retirement System of Texas ($122.5 million) * Tennessee Consolidated Retirement System ($15 million)

[onyx]

Good post!

BTTT

[Logical me]

Nice that we know, but what in the hell good does it do if the Romney and crew does not inform the public with ads and such. You know, preaching to the choir does shi! to win elections. The GOP is a sad sack bunch of losers. This should be all over the networks.

[IllumiNaughtyByNature]

These were the two that caught my eye and would make a good advertisement.

the Heinz Endowments and the Oprah Winfrey Foundation.

[Spok]

Obama’s formula for never failing has been never to do anything-until he became president. As someone said at the RNC convention, don’t be too hard on him; this is, afterall, his first job.

[Terry Mross]

Now Mitt needs to run this in ads.

[OldEarlGray]

What - Criminals in the dialectic RINOcRAT's Oligarchic Kleptocracy? 

 

No way!/s

 

  "Woops!"  

Left?

Follow the.... http://www.campaignmoney.com/finance.asp?type=in&cycle=08&criteria=pritzker&fname=penny  

 

[OldEarlGray]

>>Now Mitt needs to run this in ads.

Right, because investing the “Retirement” fund of local kleptocratic Union thugocracy is clearly within the scope of constitutional mandate. Err. Oh. Wait?

At least it will endear Myth to his Democratic base.

[RayChuang88]

While The Zero is trying to denounce Bain Capital, public sector union pension funds are making a lot of money by investing in Bain. Can you say hypocrisy??

[Sequoyah101]

And more of us would have our pensions at places like Bain or similar funds internal to our own pension funds. were it not for the wonderful 401K that has thrown us all the wolves of wall street and “financial planners”

We went from a structured program managed by professionals that had leverage in investments to an every man for himself free for all of brokers, self-managed accounts, and the “help” of a “financial planner” who is was probably selling jewelry last year but got up the moxy to take the SEC test for a broker’s license or a CFP.

Instead of places like Bain that earn nearly double the market rate of return we are eeking out less than inflation for the most part.

Not all of us enjoy stock trading or mutual funds or ETF or whatever the hell is being sold today.