Mitt, funded by union pensions

[will]

Who woulda thunk it! Guess who provides a big chunk of the cash private equity funds use for their operations? Union pensions.

www.washingtonpost.com/blogs/ezra-klein/post/why-private-equity-really-needs-unions/2012/06/18/gJQA2WDSlV_blog.html?wprss=rss_ezra-klein

[kitkat]

people who do institutional investing are pretty apolitical it seems. it's all bout the $$ return.

[will]

I'm just amused by this, in a morbid way. Without union pension funds, Mitt would be working for a living, just like the rest of us chumps. Well, not exactly like the rest of us chumps, because he had far better connections than we do and would get the same hand up dumb'ya got (and sorely needed). Meaning that without union pension funds, he wouldn't be in quite the same position to bash unions and demolish living wage jobs. I think it would be great it union pension funds yanked all their money out of places like Bain. It would cause some pretty big dislocations, but it would be fun to watch the reaction.