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UPS/IBT pension funding
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<blockquote data-quote="pickup" data-source="post: 2843680"><p>Real simple, with all the mafia influence in the Central States, the District Court ruled in the late 70s that an outside firm had to act </p><p>as a Fiduciary, not the Teamsters.</p><p></p><p>So with Goldman Saks as a majorfiduciary during the crash in 2008 and and trying to unwind their bad positions a year or two before in the market and looking for for someone to be on the bad end of the trade , I am sure the Central States Fund got stuck with that crap.</p><p></p><p>Google Stacy Bash Polley and Goldman Saks, ripping off clients to get an idea of what Goldman Saks would do to their own clients as opposed to suffering a loss in their own trading account.</p><p></p><p>Summation : The Central States Pension fund was better off getting ripped off by the mob than by Wall Street.</p></blockquote><p></p>
[QUOTE="pickup, post: 2843680"] Real simple, with all the mafia influence in the Central States, the District Court ruled in the late 70s that an outside firm had to act as a Fiduciary, not the Teamsters. So with Goldman Saks as a majorfiduciary during the crash in 2008 and and trying to unwind their bad positions a year or two before in the market and looking for for someone to be on the bad end of the trade , I am sure the Central States Fund got stuck with that crap. Google Stacy Bash Polley and Goldman Saks, ripping off clients to get an idea of what Goldman Saks would do to their own clients as opposed to suffering a loss in their own trading account. Summation : The Central States Pension fund was better off getting ripped off by the mob than by Wall Street. [/QUOTE]
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