http://www.nytimes.com/2009/02/10/business/economy/10pension.html?_r=1&dlbk
Clearly pension funds have a great interest in a recovery of the economy and asset values. But it's way overdue for them to collectively take responsibility for improved governance of the banking and corporate sectors. The self interested oligarchs need to be thrown off the Boards and true representatives of stakeholders should take their place. Even without bailout money, public funds have a huge ownership stake.
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