All or nearly all pension plans are invested in Wall Street.
From: "Bhairitu noozg...@sbcglobal.net [FairfieldLife]"
<FairfieldLife@yahoogroups.com>
To: FairfieldLife@yahoogroups.com
Sent: Monday, June 20, 2016 12:51 PM
Subject: Re: [FairfieldLife] Scandal in Oakland, CA Police Department
To have these overblown pension funds Wall Street had to be in on it.
Local governments and unions lack the expertise to implement anything like
that. Remember that Dubya wanted to turn over Social Security to Wall Street.
What will happen is the promised pensions won't be there when many of these
people retire.
You do have to wonder though why someone didn't ask "how is this even going to
work?" The answer would have been "well hell, it's boom time forever."
On 06/20/2016 10:34 AM, Mike Dixon mdixon.6...@yahoo.com [FairfieldLife] wrote:
Ahem... It's not Wall Street that makes the promises. It's the unions and
the cities. The Police officers unions demand it. The cities have no choice but
to go along with the demand, while kicking the can down the road to the next
administration to fix.
From: "Bhairitu noozg...@sbcglobal.net [FairfieldLife]"
<FairfieldLife@yahoogroups.com>
To: FairfieldLife@yahoogroups.com
Sent: Monday, June 20, 2016 10:56 AM
Subject: Re: [FairfieldLife] Scandal in Oakland, CA Police Department
They pay well and get lured to sign on the promise they'll keep
getting paid well into retirement which of course is ludicrous. That was just
a scheme that Wall Street cooked up to get their hands on that pension money.
Pensions weren't meant to keep paying you what you earned when working but
instead to help out in old age. Trying to fund those accounts is crippling
city governments.
On 06/20/2016 05:00 AM, Mike Dixon mdixon.6...@yahoo.com [FairfieldLife] wrote:
Well, they don't pay that much and then there are all kinds of
considerations involved in hiring, like *diversity* etc. You get what you pay
for. I'm not saying minorities are less intelligent, I;m saying there are
higher priorities.
From: "Bhairitu noozg...@sbcglobal.net [FairfieldLife]"
<FairfieldLife@yahoogroups.com>
To: FairfieldLife@yahoogroups.com
Sent: Sunday, June 19, 2016 9:47 PM
Subject: Re: [FairfieldLife] Scandal in Oakland, CA Police Department
The scandal was apparently going on in some of the other communities
is the Bay Area. This is what happens when you hire stupid people as cops.
They don't like to hire smart people. Don't believe me, ask your local DA.
On 06/19/2016 04:47 PM, jr_...@yahoo.com [FairfieldLife] wrote:
The city loses three of its police chiefs in 9 days. City mayor called
out the police department for having a "toxic macho culture."
https://www.yahoo.com/gma/oakland-lost-3rd-police-chief-9-days-171806435--abc-news-topstories.html
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