It sounds like a storyline out of some mob movie. Executives at a big employer with ties to powerful unions use the firm's pension funds for financial gimmicks, channeling money meant for the fund into other activities and then lying to investors about the health of the enterprise.But it's not an episode of The Sopranos. It's merely a description of the financial gimmicks used by politicians in New Jersey over the last decade, the only state ever cited for fraud in its financial disclosure statements by the Securities and Exchange Commission.Maybe it was all the attention...
Source: http://www.realclearmarkets.com/articles/2011/08/24/the_soprano_state_gets_downgraded_99209.html
Bill Clinton Rudy Giuliani Jimmy Carter Dick Cheney Barack Obama
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