JUST SAY NO TO THE PRIVATIZATION OF SOCIAL SECURITY

(h/t Atrios)

With the much larger amounts of money in Social Security, the loss could have been in the hundreds of billions.

The Lenape tribe got a better deal on the sale of Manhattan island than New York City’s pension funds have been getting from Wall Street, according to a new analysis by the city comptroller’s office.

The analysis concluded that, over the past 10 years, the five pension funds have paid more than $2 billion in fees to money managers and have received virtually nothing in return, Comptroller Scott M. Stringer said in an interview on Wednesday.  SOURCE