31 October 2012 0 Comments

Unions and Bain Capital – Public Sector Unions Invest With Bain – PSERS and SERS

Both Pennsylvania’s two major  public sector union pension funds in vest with Bain as well as UPITT:

State Teachers Retirement System of Ohio ($767.3 million).

Pennsylvania State Employees Retirement System ($231.5 million)

“These pension funds aggregate the savings of millions of unionized teachers, social workers, public-health personnel and first responders. Many of them would be startled to learn that their nest eggs, or even their current pensions, are incubated by the company Mr. Romney launched and the financiers he hired.

 

According to Buyouts magazine and S&P Capital IQ, Bain’s other college clients have included Cornell, Emory, the Massachusetts Institute of Technology, Notre Dame and the University of Pittsburgh. Preqin reports that the following schools placed at least $424.6 million with Bain Capital between 1998 and 2008:”  READ MORE MURDOCK  31 August 2012: Bain Capital’s Obama crony payday Actions speak louder than election rhetoric

Barack Obama tells us of his close relationship with the unions he has paid off”

In his book “The Audacity of Hope,” then-candidate Barack Obama, when talking about his relationship with Big Labor union officials, wrote: “I owe those unions. When their leaders call, I do my best to call them back right away. I don’t consider this corrupting in any way.” READ MORE 31 August 2012 Barack Obama: ‘I owe those unions’ President’s billion-dollar secret weapon

 

 

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