On 10/31/11 8:28 PM, BAR wrote:
In , dubya54
@XXXXyahoo.com says...

wrote in message
...
"X ` Man" wrote in message
m...

Remember when teachers, public employees, Planned Parenthood, NPR and
PBS crashed the stock market, wiped out half of our 401Ks, took
trillions in TARP money, spilled oil in the Gulf of Mexico, gave
themselves billions in bonuses, and paid no taxes? Yeah, me neither.


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Actually those teachers unions, Public employee unions and 401k mutual
funds are very responsible for a lot of the crash and malfeasance of "Wall
Street". They have enough voting power to fire overpaid, incompetent
CEO's and boards with the retirement money they oversee. They have the
power to control "Wall Street", but they abdicate that responsibility to
the incompetent CEO's and boards.

Actually, they are not responsible for any of it. You are having an
hallucination while living in a fantasy world.

The truth is not on your side.

http://www.calpers.ca.gov/index.jsp?...ments/home.xml

CalPERS Investments

As the nation's largest public pension fund with assets totaling $235.8
billion as of July 31, 2011, CalPERS investments span domestic and
international markets.

The CalPERS Board of Administration has investment authority and sole
fiduciary responsibility for the management of the System's assets. The
Board is guided by the CalPERS Investment Committee, management, and
more than 270 staff in our Investment Office who carry out the daily
activities of the investment program.

Our goal is to efficiently and effectively manage investments to achieve
the highest possible return at an acceptable level of risk. In doing so,
CalPERS has generated strong long-term returns.

The CalPERS investment portfolio is diversified into several asset
classes, so that over the long run any weaknesses in one area are offset
by gains in another. The Board follows a strategic asset allocation
policy that targets the percentage of funds to be invested in each asset
class.

http://www.osc.state.ny.us/press/rel...11/091411a.htm

NYS Common Retirement Fund Releases First Quarter Results

The New York State Common Retirement Fund's (Fund) overall rate of
return for the first quarter ending June 30, 2011 was 1.80 percent,
according to figures released today by New York State Comptroller Thomas
P. DiNapoli. The Fund's estimated value at the end of the first quarter
of its fiscal year stood at $146.98 billion, an estimated increase of
$480 million over its value at the end of the fiscal year on March 31,
2011.

"The financial markets have shown increased volatility as the economy
struggles to build momentum," DiNapoli said. "These are challenging
times as we continue to grapple with sluggish job growth and concerns
over European sovereign debt. However, the Fund continues to be among
the strongest in the nation and we have a diversified investment
strategy and long-term perspective to help manage these market
conditions."

In 2009, DiNapoli initiated quarterly performance reporting by the Fund,
which had previously disclosed its results annually. This practice is
part of DiNapoli's efforts to increase transparency and accountability
regarding Fund management and performance.


There's nothing in your response, Bertie, that shows the investment
funds control publicly traded corporations.