IS THIS HOW THE BANKSTERS ARE GOING TO STEAL THE PENSIONS?
Americans are dependent on the profitability of an estimated $8.4 trillion in pensions and retirement funds. The Obama administration now is encouraging fund managers, not to generate maximum retirement revenue, but to invest in less profitable or even in failing green-energy producers instead of fossil-fuel energy producers. They are calling this socially-responsible investing to attract popular support, but the consequences are anything but socially responsible. They include giving politically derived economic advantage to companies that heavily donate to the Obama administration, lowering the living standard for those on retirement pensions, greatly increasing the cost of electrical energy, and allowing managers of corporate or union pension funds to manipulate investments to pursue political objectives. IB Times 2015 Oct 27
http://www.ibtimes.com/political-capital/pension-funds-considering-fossil-fuel-divestment-socially-responsible-investments
Americans are dependent on the profitability of an estimated $8.4 trillion in pensions and retirement funds. The Obama administration now is encouraging fund managers, not to generate maximum retirement revenue, but to invest in less profitable or even in failing green-energy producers instead of fossil-fuel energy producers. They are calling this socially-responsible investing to attract popular support, but the consequences are anything but socially responsible. They include giving politically derived economic advantage to companies that heavily donate to the Obama administration, lowering the living standard for those on retirement pensions, greatly increasing the cost of electrical energy, and allowing managers of corporate or union pension funds to manipulate investments to pursue political objectives. IB Times 2015 Oct 27
http://www.ibtimes.com/political-capital/pension-funds-considering-fossil-fuel-divestment-socially-responsible-investments