Pension Funds

“The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves.” ~ Ben Stein

“Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done.” ~ Eliot Spitzer

“Social Security got passed because John D. Rockefeller was sick of having to take money out of his profits to pay for his workers’ pension funds. Why do that, when you can just let the government take money from the workers?” ~Aaron Swartz

 

5 Comments Add yours

  1. Jerry Horner says:

    I would like to receive this report. Do I download or will it will be sent to my email? Thanks.

    1. Catherine Austin Fitts says:

      Jerry:

      You can download this web presentation. The hard copy will be available for purchase by subscribers in two weeks at Solari.com

      Catherine

  2. Jerry Horner says:

    Catherine presents the sad story of the theft of America. But if plans to avoid with a personal plan, does this mean that the responsible persons will need to anti up more to pay for pension funds that have been thieve?

  3. Andrea Metz says:

    Methinks there is a connection between the Bank of NY (see wikipedia & the Rape of Russia, Harvard MBA’s), the J Edmund Safra Center (JE owned BofNY) for Ethics at Harvard, the now defunct Bioethic’s Committee at U of Penn, (MK Ultra approval for civilians), HUD criminality transferred through to Medicaid Fraud through the new “Behavioral Health” NIH SAMHSA Trauma Informed Care – mental institutional human experiments involving “enhanced stress”, TBI’s, SSDI legal status change, and property / asset stripping. The new Rape of America through fraudulent “Mental Illness” diagnosis’s. Assets transfer upon death to secret trusts and ghost partners, life insurance policies pay off. No one will ever know. Could it be? Arron Swartz sat on that JE Safra committee when he committed suicide. He was studying institutional corruption. JE Safra mysteriously died in the late ’90’s at his home in Monaco. Jacob Rothschild was trustee of JE Safra Center for Ethics.
    Maybe all random facts. Maybe not.

  4. Reginald Tyler says:

    So the theft and intentional depravity of the American financial system had been an ongoing enterprise for decades. And it seems that both political parties were cognizant of the facts.Now we know where our pension fund money went to and why.To help offset the cost of preparation of the off planet and underground facilities for the ” unfortunate few”.As well as providing cover for the shifting of federal funds offshore.My my what a plan and to think of the Democrats positioning themselves as the party of the working class citizens and the middle-class. What a laugh they must have had all these years. The American citizens are surely looked upon as suckers by both political parties. We have a lot of work to do to change the operating system and the perceptions of the American collective and the American individuals.

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