as the market drops another 400+ points. Here's a question or a thought...
Is Madison Marquette's Retail Enhancement Fund "safe" or backed by the us gov? Consider this- "..some of the national investors in the fund are ColoradoSers, OhioSers, PennsylvaniaSers and ...Wells Fargo. The "SERS" are State or School Employee Retirement Systems - nationall with trillons in assets because look at all the teachers working every week and saving... 1. From the Ohio SERS site: Amid Latest Market Turmoil, SERS Pensions Are Safe (9/26/08) - SERS wants to reassure its members and retirees that in these challenging economic times, SERS retirees' pensions are safe and secure for the following reasons: A SERS pension is guaranteed by Ohio law (section 3309.661 of the Revised Code) and cannot be reduced due to investment losses. SERS' investments are diversified and investment performance does not hinge on any one investment or on any one firm's success or failure. SERS takes a long-term approach to investments; this long-term approach will help us weather challenging financial times. ....Recently, you may have heard politicians and financial experts say that during times of economic crisis "pensions are at risk," with no distinction between public and private pensions. However, your SERS public pension is not at risk. Then there's more from the National State Pension folks...http://tinyurl.com/6ju7ol But even as recent as that article is written, it's outdated as the scams generated by almost every major bank and publicly traded bankrupt company comes undone.... How could it be that one day, Citigroup was going to buy other banks, then a few weeks later "whoops" we have to lay off 50,000 plus? At least Bush was able to drive the gas prices down, right? So next summer, if the prices remain as they are, all those folks from western monmouth will be able to afford to come to Asbury and Pay to park those SUVs in a metered spot - if they can find one. With gas prices so "low", MM should be hoping they have enough parking spaces ... "now people will travel once again by automobiles to the refreshing beaches of Asbury Park...and be glad to deposit by cash or credit card a minimal amount in modern parking meters...for the luxury of being entertained by the boardwalk, sand and water..." ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
