Moore money: NC pension funds could be loaned for bailout | News
News
INDY Week's news blog

Archives | RSS

Wednesday, September 24, 2008

Moore money: NC pension funds could be loaned for bailout

Posted by on Wed, Sep 24, 2008 at 2:17 PM

NC Treasurer Richard Moore tells the Triangle Business Journal that he'd loan some state pension funds to the bailout fund if the interest rates were high enough. He wouldn't loan all of it, of course, but to give this some context, the state's pension fund totals $72 billion--just 10 percent of the money the Wall Street panhandlers are seeking.

This use of pension funds is troubling, particularly considering Henry Paulson's pitiful proposed bailout plan is  so heavily skewed toward Wall Street and has no government or judiciary oversight or review.

Tags: , ,

Pin It

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

Sessions has already strip mined the Civil Rights Division of the DoJ. Thankfully U.S. Senator Cory Booker, D-New Jersey is …

by growlybear on Senator Cory Booker Asks for the Release of a Department of Justice Memo on Thomas Farr’s Involvement in a Voter-Intimidation Scheme (News)

> Eventually, a claim to the county insurance company showed that $2.333,591.30 in cash had disappeared, almost daily, for nearly …

by xdu on Indictments in Wake Register of Deeds Scandal Charge Laura Riddick with Embezzling $926,615 (News)

Most Read

Most Recent Comments

Sessions has already strip mined the Civil Rights Division of the DoJ. Thankfully U.S. Senator Cory Booker, D-New Jersey is …

by growlybear on Senator Cory Booker Asks for the Release of a Department of Justice Memo on Thomas Farr’s Involvement in a Voter-Intimidation Scheme (News)

> Eventually, a claim to the county insurance company showed that $2.333,591.30 in cash had disappeared, almost daily, for nearly …

by xdu on Indictments in Wake Register of Deeds Scandal Charge Laura Riddick with Embezzling $926,615 (News)

Fine work, Mr. Billman. Your readers are probably aware that most of the NC conservative shenanigans can be laid at …

by growlybear on The Republican Power Plays at the Heart of N.C. Politics (News)

I have very little patience for the empty-headed Pro-poison crowd, which is begging the government to take everyones rights away …

by DoritoReiss on The Problem with N.C.’s Religious Exemption Law (News)

About time some one fixed this.

by Bob Schroeck on Durham Attorney Scott Holmes Challenges N.C. Court Fees as Unconstitutional (News)

© 2017 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation