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2016 Postmortem

cloudbase

(6,135 posts)

2. I'll give him a pass on this one.

Reply to John Poet (Original post)

Thu May 7, 2015, 02:26 PM

May 2015

I've been a trustee (one of twelve: six each union and management) on a multiemployer pension and medical plan worth $1.8 billion. Trustees don't micromanage their investment advisers, but closely monitor their overall performance. Since the porn was just a part of the overall business, it's not likely any of the trustees would even know about that.

$1.3 million out of $149 billion wouldn't receive much notice.

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Highlight:

Jeb Bush as FL Gov invested $1.3 million in state pension fund money in pornography, says report [View all] John Poet May 2015 OP

A real Bush scandal would be he bought the shares to bail out Neil or Marvin or something. Gidney N Cloyd May 2015 #1

I'm waiting for "the other shoe to drop". John Poet May 2015 #3

I'll give him a pass on this one. cloudbase May 2015 #2

Alliance Berstein 1939 May 2015 #6

Never mind the porn--2005 is pretty late to think that DVD and VHS rentals were a smart investment. tanyev May 2015 #4

That's why I think he was bailing out a family investment. Like when Bar bought Neil's... Gidney N Cloyd May 2015 #5

Seriously? Agschmid May 2015 #7