Former Enron trader and Obama funder is behind public pension privatization.
Former Enron trader and hedge fund manager John Arnold.
The Wall Street Journal is reporting that John Arnold, former trader for scandal ridden Enron energy company as well as a major backer of President Obama, is a major backer of the campaign to privatize public employee pensions.
After making a huge fortune as a hedge fund manager, he and his wife have now invested in the six figures to a group called EngageRI. They are backing Rhode Island’s state treasurer Gina Raimondo. Raimondo has become a national spokesperson for pension privatization.
What Arnold did to Enron he now wants to do to our pensions.
Officials seeking to overhaul pension systems across the country are tangling with a powerful, well-heeled opponent: public-sector unions. In Wisconsin,
