Much of that pension fund money is already in investments that include green energy.
Why take it from a place where it is usually smartly invested in successful companies and move it to a government managed fund that will by definition be a far more risky investment?
Lets see the AFL-CIO start this venture with 100% of their own union pension funds. $20 million is a drop in the bucket compared to the billions they have in their funds.
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Misuse of retirement funds
Posted by jvandinter
21st Sep 2011
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Misuse of retirement funds
Posted by jvandinter
21st Sep 2011
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Stupid idea.
Posted by Hates Idiots
Updated - 20th Sep 2011
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Misuse of retirement funds
Retirement funds are there to pay for retirements. Many of these funds do not had the money to pay their obligations now. Investing in projects that are risky and may lose money is mismanagement on the part of the fund managers. This idea puts people's retirements at risk and is a misuse of these funds.
Posted by jvandinter
21st Sep 2011