I've been talking about these Swampy state employees' pension funds for years. Quasi-governmental boards, appointed by Swampy politicians, to hand over taxpayer & employee dollars to Swampy hedge funds.
Kentucky teachers just lost $12M of funds in Sberbank
#ButNothingsHappening
Still waiting to see how much NY State pensions had invested in Russian oligarchs & state owned businesses.
Pennsylvania teachers pensions were invested in a Glencore shell company in Ireland involved in corrupt oil deals with the Kurds. The Swamp creatures borrow the money from taxpayers to feed into corruption knowing it likely won't come back.
Oregon's state employee pensions were funding Israeli private intel firm the NSO Group that was using software to hack people's iPhone to gather dirt & intelligence.
There was even a case with a settlement between Gov. Mike Pence's state pension system & Rodney Joffe's Neustar over defrauding investors.
With a lodestar of money going to the lawyers who handled the case...
I'm sure we will be learning about hundreds of similar cases in government pension & retirement funds around the country.
That's without even going into who owns all those government bonds they sell to raise money for projects & then pay it back with interest to their friends...
Probably the largest of all Swampy state pension funds is CalPERS & CalSTRS.
They have $775B invested in various hedge funds. Including what used to be $1.5B of Russian stocks.
Wait until they have to divest from China...
sacbee.com/news/politics-…
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