REPORT: Dem Candidate for RI Gov Undermined Public Pension System to Curry Wall St. Favor

http://wepartypatriots.com/wp/2013/10/21/report-dem-candidate-for-ri-gov-undermined-public-pension-system-to-curry-wall-st-favor/




A new investigation conducted by Former SEC Investigator and Forbes columnist Ted Siedle uncovers the misdeeds of Rhode Island General Treasurer Gina Raimondo during her handling of the state’s Employee Retirement System.

Commissioned by AFSCME, the report, “Rhode Island Public Pension Reform: Wall Street’s License to Steal” charges that Raimondo’s investment strategy is a lose-lose: “alternative investments both reduce returns and increase risk.” Siedle accuses Raimondo of selling out Rhode Island’s public workers for an “opportunity to enrich herself and her hedge fund backers.”

The report begins with the claim that, “Two years ago, Rhode Island’s state pension fund fell victim to a Wall Street coup.”

It continues:

FULL story at link.