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Venezuela, Davids Bridal, Lehman Brothers, etc.
CSPF and the investment companies had a fiduciary responsibility to invest that money.
From Burypensions:
With the Central States Pension Plan about to go bankrupt and bring the PBGC (and the entire private-sector pension system) down with it, some might ask where did all their money go?
Over one-hundred million dollars of it went down ratholes like Argentina, Venezuela, Lehman Brothers, and David's Bridal.
Read more of this post
Central States – Gone Money
by burypensions
CSPF and the investment companies had a fiduciary responsibility to invest that money.
From Burypensions:
With the Central States Pension Plan about to go bankrupt and bring the PBGC (and the entire private-sector pension system) down with it, some might ask where did all their money go?
Over one-hundred million dollars of it went down ratholes like Argentina, Venezuela, Lehman Brothers, and David's Bridal.
Read more of this post
Central States – Gone Money
by burypensions