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<blockquote data-quote="Thebrownblob" data-source="post: 5540789" data-attributes="member: 60485"><p>Good and fair question. I’m sure there were bad decisions, happens in every fund. Some of those investments probably didn’t pay off like they thought as well. As far as collusion, I have no idea, if you’re speaking to decades ago and loans that were made involving properties in Las Vegas perhaps those people but those are ancient history, and many of those paid off quite well. as well as many of those people went to prison. By far the biggest problem for our pension was the deregulation in the 80s, causing numerous trucking companies to go out of business and leave the fund. Those orphaned members were costing the pension money, and the money wasn’t being replaced anymore. I don’t know any investment they could make up that ground other than investing in organizing other companies, and that didn’t happen. In my opinion, the government broke it, and it was on them to fix it.</p></blockquote><p></p>
[QUOTE="Thebrownblob, post: 5540789, member: 60485"] Good and fair question. I’m sure there were bad decisions, happens in every fund. Some of those investments probably didn’t pay off like they thought as well. As far as collusion, I have no idea, if you’re speaking to decades ago and loans that were made involving properties in Las Vegas perhaps those people but those are ancient history, and many of those paid off quite well. as well as many of those people went to prison. By far the biggest problem for our pension was the deregulation in the 80s, causing numerous trucking companies to go out of business and leave the fund. Those orphaned members were costing the pension money, and the money wasn’t being replaced anymore. I don’t know any investment they could make up that ground other than investing in organizing other companies, and that didn’t happen. In my opinion, the government broke it, and it was on them to fix it. [/QUOTE]
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