Politics
Politics
Out of context: Reply #6305
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- TheBlueOne0
Wow. Interesting turn of events here, ExxonMobil suing Northern trust, it's pension fund managers, for "reckless and negligent investing strategies" for making CDO's such a big part of their portfolios:
http://zerohedge.blogspot.com/20…
Looks like mega-corps are trying to recoup their losses right out of the financial industries hide by all legal means. Northern Trust had received 1.6 billion in TARP funding that it was going to return, but now, bets are off on that.
Wow. If all big companies that lost money in their pension funds start suing the pension fund managers that'll just totally refreeze any warming of the credit markets.
There's already a gun to the head of the economy, this just puts pressure on the trigger finger. Fuck.
- Oops... I guess the government FAILS again. A rush to dish cash, a lack of foresight,********
- Huh? WTF are you talking about?TheBlueOne
- Oops... I guess the government FAILS again. A rush to dish cash, a lack of foresight,