Who is stealing from teachers? Sh-h-h. It’s a trade secret. | Reclaim Reform

Who is stealing from teachers? Sh-h-h. It’s a trade secret. | Reclaim Reform:

Who is stealing from teachers? Sh-h-h. It’s a trade secret.

After several years of being made to seem like another crazy “conspiracy theory” by corporate media coverage of teacher pension theft, the pension theft pattern has emerged into the open. There can no longer be a conspiracy (secret plan of destruction) theory when corporations and pension raiders have had laws passed to protect them from the open theft of our pensions via undisclosed fees for undisclosed investments to undisclosed sources.

Today the manner of theft is out in the open. Who has stolen how much? That is a (now) a legally protected “trade secret.”

The New York Times reports that New York City’s pensions are “hanging by a thread.”
Why? “Trade secrets.”

Fred Klonsky and David Sirota explain New York City’s and Illinois’ latest “trade secrets” that rip us off and endanger the length, size and existence of our pensions. Undisclosed fees – win or lose. High risk hedge and venture funds. With our money.

Fred says this about Illinois pensions.

“What percentage of Illinois public pensions are invested in the same kind of high risk, alternative investment plans as New York?
Nobody seems to be able or willing to say.
Are there hidden fees?
Can’t say.”

David says this about Illinois, Rhode Island and Kentucky’s teacher pension systems.

“Investors like Warren Buffett are saying public pension systems shouldn’t 

Who is stealing from teachers? Sh-h-h. It’s a trade secret. | Reclaim Reform: