Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (222729)	3/7/2005 11:18:30 PM
From: combjelly	Respond to of 1574043

"Why not starting by cashing them out and start investing them more aggresively (within limits of indices of course)" I aagree. But look at the flip side. Bush ain't gonna back that one because it would give control of a lot of funds to a government entity to invest in the private sector. Why do that when he has friends that could do it? That, more or less, was the rationale behind UTIMCO. They were given free license to invest a huge chunk of change because they were going to be so much more efficient than the state at doing it. So they operate in almost complete secrecy, actually redacting figures from reports, vote themselves large salaries and huge bonuses, and are absolutely incompetent to boot. They lost $50 million in Worldcom, a company they shouldn't have been investing in at all. Lord only knows how much they lost in Enron, they refuse to report those figures.