Display:
The swedish pension funds are a great investment to the banks running them as you have to choose some fund and fund managers always get paid. But I do believe the future pensioners would to date been better off saving the money in the mattress.

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
by A swedish kind of death on Mon May 18th, 2009 at 01:18:02 PM EST
[ Parent ]
The big scandal is that the state pension funds (which you can't choose not to be a part of cause they are tax-financed) are in deep love with private equity.

So they take lots of money from taxpayers, give them to private equity who buy up Swedish companies, thrust upon them a debt burden huge enough to bankrupt them, and then take all the money and give it not to the pension funds but to the private equity executives in the form of giant fees.

It's truly perverted.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Mon May 18th, 2009 at 11:05:39 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series