Matt Taibbi: How Wall Street Hedge Funds Are Looting the Pension Funds of Public Workers

Hedge Funds
by trusted insight posted 8years ago 6202 views
In his latest article for Rolling Stone, Matt Taibbi reports that Wall Street firms are now making millions in profits off of public pension funds nationwide. "Essentially it is a wealth transfer from teachers, cops and firemen to billionaire hedge funders," Taibbi says. "Pension funds are one of the last great, unguarded piles of money in this country and there are going to be all sort of operators that are trying to get their hands on that money."