Sunday, March 23, 2008

Mandated divestment (AIPAC behind this?) in Colorado

From John Curry, March 23, 2008
Subject: Colorado's PERA "nasty company" list and a forced divestiture move which cost millions of $$ to their public employees
The Colorado legislature mandated divestment (at the strong urging of AIPAC?) and the PERA compiled list of the "nasty companies" can be found by clicking on the link below. I wonder how many millions of dollars that the Colorado public employees lost by doing this divestment? Just as in Ohio, the Colorado divestment didn't apply to the brokerage houses, banks, or private individuals.....just the public pension systems. I call it "forced discriminatory divestment!" I'm sure the Colorado legislators will wrap themselves in the flag and brag to all the Colorado taxpayers about what a fine and patriotic job they did! They won't, however, mention a word about all the millions of dollars that the public pension stakeholders lost in this flag waving experiment with monies that didn't even belong to the State of Colorado but solely to the contributors and recipients of the Colorado PERA. It's easy to spend someone else's money, isn't it?
John

http://www.copera.org/pdf/Iran/Iran3-21-08.pdf
Larry KehresMount Union Collge
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