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Gold/Mining/Energy : Gold Price Monitor
GDXJ 126.30+3.6%Jan 12 4:00 PM EST

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To: goldsheet who wrote (94479)4/9/2003 2:34:23 PM
From: long-gone  Read Replies (1) of 116853
 
<<You may not like that fact, but you must accept reality grasshopper. >>

Sounds like you're saying that people must simply blindly accept the fact their(major) investment management is mostly made up of short sighted idiots... Are pensioners being screwed thrice? First by the lying companies, 2 by the liars on Wall Street who hawked the tripe(cough cough gag gag vomit) "investments", lastly by the fund managers who are lazy overpaid louts - who never plan to do an honest days work in their entire life?

"THREE CALIFORNIA PENSION FUNDS SUE WORLDCOM AND INVESTMENT BANKS FOR FRAUD; SEEKING $318.5 MILLION IN RECOVERY FROM EXECUTIVES & UNDERWRITING BANKS

SACRAMENTO and LOS ANGELES, CA—Three California public pension funds, representing $275 billion in assets, today announced a joint lawsuit to recover losses against WorldCom executives and the major underwriters of WorldCom bonds issued in May of 2001. "...
calpers-governance.org

Pension Funds Won't Change Strategies After WorldCom


By: Dow Jones Newswire
Wall Street Journal, June 29, 2002



"LOS ANGELES (AP)--Public pension funds across America were stung by millions of dollars in losses from the recent debacles at Worldcom (WCOME), Enron (ENRNQ) and other companies, but their managers say they have no immediate plans to change strategies. ..."
globalaging.org
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