Comments on Advance Indiana™: Daley Nephew And Obama's Former Law Partner Pal Lost $68 Million In Chicago Pension Fund Investments

Excellent find, Gary! Stories like these point to...

2016-02-28T07:15:47.109-05:00

Excellent find, Gary! Stories like these point to the fact that all govt employee pensions should be self-managed IRA plans. There is too much ignorance combined with greed and cronyism -- & maybe even outright malfeasance -- extant when there is a huge pot of money for politicians to play with.

For the media peeps who come here to steal ideas f...

2016-02-27T20:42:20.331-05:00

For the media peeps who come here to steal ideas for stories SB 1378 is what your crummy editors should have been pointing you to. If you find your gonads please do credit Advance Indiana by name.

So, we have token Gentiles now perhaps due to the ...

2016-02-27T20:05:53.190-05:00

So, we have token Gentiles now perhaps due to the birth dearth of a certain group of people? None the less, those people have the gonads of Senator Herschman and Speaker Bosma firmly in hand. While honest folks believe that Indiana Pension dollars ought to be prudently invested a recent bill out of Senate committee seems to direct our Indiana Pension Funds to dis invest in any company that dis invests in Israel. Didn't read all about that in Gannett? It seems clear that so doing robs the Pension Plans of income or at least has that tendency. On whose Sasso should legislators be doing the work(again) of a small group of unelected and unaccountable mystery characters. 98% of Indiana would prefer dis investing in Salesfarce, Cummins, Lilly, and other utterly amoral corporations who sided with a different 2%.
No doubt we won't see any of the details from Gannett for reasons well known to readers of this blog. And, if I've erred in any detail above please feel free to correct me. Not to overly pick on the two elected sorts pointed out above, but the Committee vote passing the crap out did not have any dissenters and thus, no one looking out for the common good or the public interest.

Quayle appears to be a token gentile at Cerberus. ...

2016-02-27T18:54:01.507-05:00

Quayle appears to be a token gentile at Cerberus. They certainly didn't bring him aboard because he had any knowledge of investment banking. Who names their business after the mythological 3-headed dog who guarded the gates to hell anyway? Cerberus likely gets a lot of the CIA's laundered drug money, as well as money the Israeli Mossad sends its way. The CIA connection is the only reason George H.W. Bush named the idiot senator from Indiana as his running mate. Hoosiers are oblivious to how much CIA dirty money there is in Indiana's economy. A good chunk of the money that finances statewide and congressional campaigns in Indiana is derived from business owners who operate CIA front companies. Quayle's closeted son, Benjamin, who got booted out of Congress because he went skinny-dipping in the Sea of Galilee on a trip to Israel financed by a Mossad front group, is now partners in a lobbying firm with Democratic lobbyist Bill Moreau's step-son, Rashid Halloway, who formerly worked for Evansville's Steve Chancellor, one of the biggest CIA operators in the state of Indiana. And people wonder why we're all made as hell and are rebelling against the Republican and Democratic Party establishment.

Maybe they can prop up, er buy securities to fund ...

2016-02-27T18:51:05.765-05:00

Maybe they can prop up, er buy securities to fund Indy's Crass Transit Red Lie or the Heir Pork Soccer Stadi-dumb...

Shades of the Dan Quayle run private equity firm C...

2016-02-27T17:45:11.624-05:00

Shades of the Dan Quayle run private equity firm Cerberus Capital Management unloading junk bonds on the Indiana teacher and state police retirement funds. Holding 80.1% of Chrysler debt, and few buyers for a stake in a company quickly devolving into bankruptcy, Cerberus found a willing buyer in a fiduciary negligent and politically motivated State Treasurer, Richard Mourdock. Eventually, the pension funds received $0.29 cents on the dollar while Mourdock put on his Tea Party hat and spent another $2 million on lawyer fees pressing for a Chrysler liquidation that would have produced a lesser return and at a cost of tens of thousands of Hoosier jobs. While $8.1 million was lost, there is still a bit of irony in that this portion of the Cerberus distribution was handled by Reams Ass(et) management of Columbus, IN.