If you live in New Jersey and this fact doesn’t make you jump and up down with anger you are just an idiot.
“…the amount of fees the state pays financial managers has more than tripled since Christie assumed office. New Jersey is now one of America’s largest investors in hedge funds.The “maximized returns” have yet to materialize.”
Our large and in charge Governor Christie has screwed over the pension fund, all while blaming the pensioners themselves for shortfalls and other issues they had no ability to change. The only thing they did wrong was believe what their state government told them about their retirement accounts when they were hired.
Instead, Christie lets the elite bankers rape and skim the funds, all while the working class get screwed.
