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Dispute with Mellon begs question: What's a custodian?
The Pittsburgh Post-Gazette ^ | Monday, June 23, 2003 | Len Boselovic

Posted on 06/23/2003 10:25:32 AM PDT by Willie Green

Edited on 04/13/2004 2:35:12 AM PDT by Jim Robinson. [history]

Tales of small investors losing their shirts after throwing money into exotic investments they don't understand are a dime a dozen. Pension funds responsible for providing safe, dependable retirement income for workers and retirees are supposed to know better. A dispute between Massachusetts' third-largest pension fund and Mellon Financial Corp. demonstrates that's not always the case.


(Excerpt) Read more at post-gazette.com ...


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: pensionfunds; retirement

1 posted on 06/23/2003 10:25:32 AM PDT by Willie Green
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To: Willie Green
Middlesex County had a distinctly irresponsible government, speaking as a MC resident and property holder. The Middlesex County Government, which was older than the United States was dissolved by the Commonwealth after it had gone bankrupt. The creditors had gone to court and threatened to seize the property of MC residents to satisfy the judgment. I was hoping they would take Alan Dershowitz' Limousine. (A Mercedes, needless to say.)

This was the biggest bunch of stumblebums and hacks ever to get their hands on a Government this side of the Euphrates.
2 posted on 06/23/2003 10:40:21 AM PDT by Lonesome in Massachussets ("ALL THE NEWS THAT FITS, WE PRINT")
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To: Willie Green
Whoever wrote that headline needs to be e-mailed. "Begs the question" does not mean what he/she thinks it means.
3 posted on 06/23/2003 10:41:02 AM PDT by Arthur McGowan
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To: Arthur McGowan
"Begs the question" does not mean what he/she thinks it means.

Using "Begs the question" for "Raises the question" is like fingernails on a chalkboard, to use a simile. Of course "Begs the question", means to argue circularly, to draw a conclusion based on a premise only supported by the conclusion. (E.g., "The pope is infallible because he says so and he is never wrong.")
4 posted on 06/23/2003 10:52:05 AM PDT by Lonesome in Massachussets ("ALL THE NEWS THAT FITS, WE PRINT")
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To: rohry; Wyatt's Torch; arete; meyer; DarkWaters; STONEWALLS; TigerLikesRooster; Ken H; MrNatural; ...
"A pension fund is a very complex piece of machinery. Even the most sophisticated minds have difficulty understanding all the nuts and bolts," Siedle says.

Gee, I though MBAs knew everything about everything.

5 posted on 06/23/2003 11:56:06 AM PDT by razorback-bert (White Devils for Al-Sharpton 2004... Texas Chapter)
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To: Arthur McGowan
Haven't you heard?

That egregious misuse of 'begs the question' is now being accepted because of its established new sense.

And there's not a d*mned thing we can do about it except shudder!

;^)
6 posted on 06/23/2003 12:35:38 PM PDT by headsonpikes
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