WV Pensions tied to Terror? State pension portfolios find way to Rogue Regimes
Sunday Gazette-Mail - Business: "West Virginia’s public pensions may have hundreds of millions of dollars invested in companies doing business with terrorist-sponsoring countries.
According to an analysis conducted for the Sunday Gazette-Mail, 55 stocks in state pension portfolios belong to companies that have ties to the governments of Iran, Libya, North Korea, Sudan or Syria.
The U.S. State Department has designated all these countries as state sponsors of terrorism and barred U.S. businesses from conducting operations there, but foreign companies are under no such constraints."
posted by Gundovald at 3/19/2006 12:54:00 PM
3 Comments:
As long as we don't loose 400 Million of it on Junk bonds as we did a few years ago,who cares?
And guess who was in charge of that fiasco?
A lot of clear thinking people should care where and to whom American dollars go. If you want to financially support our enemies that's your thing but it is not what most of us want to do. I think the name you were looking for was AJ Manchin.
I’m just following my leader GW,he likes to financially support our enemies. I would say as long as those investments produce a reasonable return no one will complain. You have not received any complaints from any of these state workers concerning where their money is invested on this blog,right? I don't mean to be argumentative here but I think greed trumps clear thinking here.
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