26 Sept 2013
In his latest article for Rolling Stone, Matt Taibbi reports that Wall
Street firms are now making millions in profits off of public pension
funds nationwide. "Essentially it is a wealth transfer from teachers,
cops and firemen to billionaire hedge funders," Taibbi says. "Pension
funds are one of the last great, unguarded piles of money in this
country and there are going to be all sort of operators that are trying
to get their hands on that money."
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