Wake Up, Ohio!
June 11, 2007

The Ohio divestment bill will not impact Darfur or Iran one iota...because defined contribution plans will not be divested. Another point to make is this: When defined benefit plans are forced to divest, those high yielding stocks (GE, Wells Fargo, Coca-Cola, British Petroleum, et.al,) will be gobbled up by the private individual, mutual fund, and equity sector. The legislators who "sacrificed" their GE will then buy back that stock, and more, at an artificially deflated price. Unfortunately, Ohio pension funds will not be able to take advantage of these financial gains. This means teachers and public employees are also being "sacrificed".