Math never works for these pensions
To: ChicagoConservative27
3,2,1...Brandon provides a bailout.
2 posted on
05/06/2023 8:13:41 AM PDT by
moovova
("The NEXT election is the most important election of our lifetimes!“ LOL...)
To: ChicagoConservative27
That’s because politicians used benefits to buy votes.
They got their votes, generations after pay for them.
3 posted on
05/06/2023 8:14:52 AM PDT by
Rurudyne
(Standup Philosopher)
To: ChicagoConservative27
That’s OK. They can just raise real estate taxes. Heh.
4 posted on
05/06/2023 8:18:13 AM PDT by
E. Pluribus Unum
(The worst thing about censorship is ████ █ ██████ ███████ ███ ██████ ██ ████████. FJB.)
To: ChicagoConservative27
New Yorkers? They should be PROUD for taking one for the woke team.
5 posted on
05/06/2023 8:18:18 AM PDT by
ProtectOurFreedom
(I don’t like to think before I say something...I want to be just as surprised as everyone else…)
To: ChicagoConservative27
I was a trustee for a large union pension fund representing the employers side of the contributors.
We had that fund divided between four different fund management companies with different fund goals and make-ups. Each of the four was restricted that no single investment could be more than 2.5% of that single fund. Thus, some investment could fail to zero and it would not impact the pension fund by more than 62/100ths of one percent.
On and on the protections went that are too lengthy to recount but this is beyond criminal.
6 posted on
05/06/2023 8:22:49 AM PDT by
KC Burke
(Diversity, Inclusion and Equity is not another way to spell GOD but it is a way to spell DIE.)
To: ChicagoConservative27
Well as long as SVB was DIE it’s all good.
7 posted on
05/06/2023 8:27:26 AM PDT by
TalBlack
(We have a Christian duty and a patriotic duty. God help us.)
To: ChicagoConservative27
Kind of always wondered where, if you won $500 million in a lottery, you could ‘safely’ invest it.
At $250,000 per bank, that’s 2000 different banks. Or maybe 2000 different accounts under different names at one bank.
10 posted on
05/06/2023 8:35:10 AM PDT by
chaosagent
(Remember, no matter how you slice it, forbidden fruit still tastes the sweetest!)
To: ChicagoConservative27
Politicians will gladly stick taxpayers with the bill.
12 posted on
05/06/2023 8:47:49 AM PDT by
airborne
(Thank you Rush for helping me find FreeRepublic!)
To: ChicagoConservative27
I thought depositors were getting baled out....no?
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