Thursday, December 20, 2012

California Teachers? Retirement Plan Invested In Gun Manufacturer

The nation?s largest teachers? pension fund says it will review its holdings after being criticized for having an investment in the manufacturer of an assault rifle used in last week?s Connecticut school massacre.

California State Teachers? Retirement System spokesman Michael Sicilia said Tuesday that the $155 billion pension system is making sure its investments comply with the fund?s own social and ethical standards.

The fund invested $600 million in the private equity firm Cerberus Capital Management, which owns gun maker Freedom Group International. Cerberus said it will sell its holdings in the manufacturer of the rifle used to kill 20 schoolchildren and six adults at a school in Newtown, Conn.

http://sanfrancisco.cbslocal.com/201...-manufacturer/

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Ecclesiastes 10:2 The heart of the wise inclines to the right, but the heart of the fool to the left.

"Whenever you hear people talking about 'a living Constitution,' almost invariably they are people who are in the process of slowly killing it by "interpreting" its restrictions on government out of existence." Thomas Sowell

"The government has no money of its own. It can only create a job by destroying a job. Now, the victims of that are not visible, but the job 'created' is." Walter Williams

Who is John Galt?

Source: http://www.thepartisanpatriot.com/forums/showthread.php?t=18709&goto=newpost

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