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Monday, August 18, 2008

PBGC Info

The PBGC is utilizing a more aggressive investment strategy to come up with an approximately 14 billion dollar shortfall. They say this is needed to avoid a taxpayer bailout. As for me I would like to see a conservative investment approach rather than lose what little we have with this agency. A bailout does not frighten me as much as government money managers playing with our annuity. If you agree you should write your Senators and Representatives to let them know you disapprove of this action.

A link to an article addressing this is found here. http://biz.yahoo.com/ap/080818/pension_investments_risks.html?.v=4