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

Hello Every One, I am mrs rose kari From texas U.S.A, I quickly want to use
this medium to share …

by Excellency Mexico on “With DACA, I Feel Like I Have a Superpower”: After Trump Ends DACA, Triangle Recipients Tell Their Stories (News)

Mr. Goldsmith, please read Jennifer's post below. If you have journalistic integrity, please fix your blog as it shows up …

by Sherry D. on Mayor McFarlane Will Not Be Turned Away from Democratic Party Events, Spokesman Says (News)

Most Recent Comments

Hello Every One, I am mrs rose kari From texas U.S.A, I quickly want to use
this medium to share …

by Excellency Mexico on “With DACA, I Feel Like I Have a Superpower”: After Trump Ends DACA, Triangle Recipients Tell Their Stories (News)

Mr. Goldsmith, please read Jennifer's post below. If you have journalistic integrity, please fix your blog as it shows up …

by Sherry D. on Mayor McFarlane Will Not Be Turned Away from Democratic Party Events, Spokesman Says (News)

Look Lisa, your grandfather's story is tough. I would suggest however that he is a victim of capitalist oppression, not …

by CPF (CommiePinkoFag) on “Durham’s a Bright Light for Our Movement”: After Their Cases Were Continued Until November, Defend Durham Activists Took a Victory Lap (News)

Apparently we must hope that the N&O doesn't follow through on this trend by deciding that they will cover legislative …

by khoragos on The N&O’s Performing Arts Correspondent Says the Paper Is Cutting Back on Performing Arts Reviews (News)

Cancelling the parade affects all people. I usually went just for the parade, not the night events. Parents take their …

by Aiden on Carolina Jews for Justice Says NC Pride Schedule Fix Isn't Enough (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