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Hedge Funds Are Looting the Pension Funds of Public Workers

submitted by radx

1 decade 9 months ago

"Essentially it is a wealth transfer from teachers, cops and firemen to billionaire hedge funders," Taibbi says. "Pension funds are one of the last great, unguarded piles of money in this country and there are going to be all sort of operators that are trying to get their hands on that money." -- DN