Tag Archives: private-pension

The FBI successfully thwarts its own terrorist plot

Posted on November 29, 2010 by Benny Hollywood| Comments Off on The FBI successfully thwarts its own terrorist plot

The FBI is obviously quite pleased with itself over its arrest of a 19-year-old Somali-American, Mohamed Osman Mohamud, who — with months of encouragement, support and money from the FBI's own undercover agents — allegedly attempted to detonate a bomb at a crowded Christmas event in Portland, Oregon. Media accounts are almost uniformly trumpeting this event exactly as the FBI describes it. Loyalists of both parties are doing the same, with Democratic Party commentators proclaiming that this proves how great and effective Democrats are at stopping The Evil Terrorists, while right-wing polemicists point to this arrest as yet more proof that those menacing Muslims sure are violent and dangerous. added by: maasanova

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France, Ireland and Hungary seize pensions to fill "short-term deficits"

Posted on November 29, 2010 by Benny Hollywood| Comments Off on France, Ireland and Hungary seize pensions to fill "short-term deficits"

France is apparently following the example of Ireland and Hungary and seizing pension funds. According to eFinancialNews, the French parliament passed a law last week allowing 36 billion Euros to be seized from the French reserve pension fund to be used to pay off the debts of France’s welfare system. As eFinancialNews notes: “The move reflects a willingness by governments to use long-term assets to fill short-term deficits, including Ireland’s announcement last week that it would use the country’s €24bn National Pensions Reserve Fund “to support the exchequer’s funding programme” and Hungary’s bid to claw $15bn of private pension funds back to the state system.” There have been unsubstantiated rumors for years that the American government will also seize 401(k) money. added by: maasanova

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