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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (86241)6/19/2010 6:41:10 PM
From: Hope Praytochange   of 224750
 
idiot community thug odumba destroys pension funds--Both the dividend cut and the collapsing share price are causing widespread angst in Britain, where BP stock is widely held by public pension funds. But losses are also being inflicted on this side of the pond. State and local retirement funds from California to New York are feeling the sting, as are pensioners on the gulf coast.

A retirement fund for Louisiana’s municipal police officers, for instance, had fully 20 percent of its money invested in BP shares before the disaster. The Florida pension fund has lost $85 million on the 21 million BP shares it held when the offshore rig went down. And the retirement system of Alabama has lost nearly $100 million on paper from its own BP investment.
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