tag:blogger.com,1999:blog-12703782.post7095104636727844135..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indianaâ„¢: State's Pension Funds Take $5 Billion HitGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-12703782.post-4453612200944218722008-11-24T10:23:00.000-05:002008-11-24T10:23:00.000-05:00I'm a fan of Dr. Styring and Trixie. $57 million,...I'm a fan of Dr. Styring and Trixie. $57 million, huh?M Theoryhttps://www.blogger.com/profile/01892309818226431745noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-45742160029834881352008-11-23T14:12:00.000-05:002008-11-23T14:12:00.000-05:00It would have been nice had they released this inf...It would have been nice had they released this information before the election, when Jill was asking for it.Vox Populihttps://www.blogger.com/profile/09174941325997674801noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-29467420936619081842008-11-22T19:17:00.000-05:002008-11-22T19:17:00.000-05:00This shows what happens when the constitution is i...<B>This shows what happens when the constitution is ignored...the state is barred from even owning equities, yet PERF and TERF go merrily along like it doesn't matter.</B><BR/><BR/>Umm...this is wrong; the constitution was amended in 1996 to allow PERF and TRF to invest in stocks. See Art. 11, Sec. 12:<BR/><BR/><B>Section 12. The State shall not be a stockholder in any bank; nor shall the credit of the State ever be given, or loaned, in aid of any<BR/><BR/>person, association or corporation; nor shall the State become a stockholder in any corporation or association.However, the General Assembly may by law,<BR/><BR/>with limitations and regulations, provide that prohibitions in this section do not apply to a public employee retirement fund.<BR/></B>Unknownhttps://www.blogger.com/profile/07519737020352873595noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-18756799525320029272008-11-22T16:40:00.000-05:002008-11-22T16:40:00.000-05:00This shows what happens when the constitution is i...<B>This shows what happens when the constitution is ignored...the state is barred from even owning equities, yet PERF and TERF go merrily along like it doesn't matter.</B><BR/><BR/>Technically, is that money owned by the state? It was my thought that the public employees, who are forced to pay into the system, owned that money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-68006553800024256702008-11-22T13:21:00.000-05:002008-11-22T13:21:00.000-05:00Wischmeier is out of his mind to increase exposure...Wischmeier is out of his mind to increase exposure to "venture capital, real estate investment trusts and hedge funds" at this stage.<BR/><BR/>Hedge funds are doing far worse than the stock market. REIT's are bleeding out.<BR/><BR/>Sheesh.<BR/><BR/>This shows what happens when the constitution is ignored...the state is barred from even owning equities, yet PERF and TERF go merrily along like it doesn't matter.<BR/><BR/>Wischmeier doesn't care, he and his pals get paid anyway, even if it goes to zero.Unknownhttps://www.blogger.com/profile/05237857691537702382noreply@blogger.com