people that are suing for live war because there were many people who were lost out on this now cowper's others may sue big banks on libel rate fixing the california public employees retirement system otherwise known as cal pers the largest public pension in the country is considering legal action against banks that fortunately fixed the library eight the caliper safe investment officer to. said quote once again the financial services industry demonstrated that it cannot be trusted to make decisions in the long term interests of investors so max here you have calipers he's saying once again we have been defrauded our clients the pension fund holders have been defrauded just like in the first article here we're talking about goldman sachs might be forced to sue on behalf of their clients here cowper's who is constantly. in by that shark frenzy on wall street and able to nibble down the east take their dime in their nickel here in their dollar they're from the pension funds that kalpa has ever done anything before to protect their clients no account is a matter of fact they're supposed to

here's another headline relating to cal pers california pension plan cowper's made a poultry one percent of past year so it's fifty percent underfunded they're actually assumptions are for seven point five percent annual return now california is not alone in facing the fatal alternatives angry taxpayers versus angry pensioners the center for retirement research c.p.r. just assessed some one hundred twenty six pension funds and found the majority of them in the same boat under funded by at least twenty five percent and probably closer to fifty percent those plans have assets of two point six trillion but they should have in excess of six trillion to meet their promises to their beneficiaries right that one percent is the result of what's called financial repression by artificially keeping interest rates low either through quantitative easing operation twist interest rate rigging libel or rigging it's all part of a systemic. industry wide approach to assembly line fraud to disenfranchise pensioners and to consign them to death the socially what it is it's a death machine well in fact i'm g

article here we're talking about goldman sachs might be forced to sue on behalf of their clients here cowper's who is constantly. in by that shark frenzy on wall street nibbled a nibble down the east take their dime in their nickel here in their dollar they're from the pension funds that kalpa has ever done anything before to protect their clients no account is a matter of fact they're supposed to have some kind of socially responsible investing policy and yet they buy into c.d.o. collateralized debt obligations to bear stearns hundreds of millions of dollars worth we pointed that out of the many years ago and they told us no these are good assets even though they were clearly worthless the pension fund is now under funded by something like fifty percent so these pensioners are going to starve to death and this is part of the victim pool that results from scandals like libel or because when you artificially suppressed interest rates down to zero the pension account of cowbirds can't meet its funding requirement and over a five or ten years it blows up there's nothing left and then the people d