Comments on: Guess Who Owns the Crappy CDO Tranches? It Might Be You (Via Your Pension Fund) http://www.nakedcapitalism.com/2007/06/guess-who-owns-crappy-cdo-tranches-it.html Sun, 22 Nov 2009 07:56:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2007/06/guess-who-owns-crappy-cdo-tranches-it.html#comment-17635 Anonymous Fri, 26 Sep 2008 22:01:00 +0000 http://www.nakedcapitalism.com/2007/06/guess-who-owns-the-crappy-cdo-tranches-it-might-be-you-via-your-pension-fund/#comment-17635 The public pension funds had a vested interest in buying CDO tranches, they represent public employee unions whom would do anything to increase property tax assesments and property tax revenues. <br/><br/>If they can create, maintain or extend a housing bubble-they increase their own pay potential exponentially (at least in their tiny Socialist minds). <br/><br/>The public employee unions also benefited from all the pork that FNM & the bankers spread around to promote their agenda. <br/><br/>The public employee unions would love it if every home in America was assessed at a million dollars a unit. <br/><br/>CA is still swimming in property tax revenue INCREASES from their housing funding policies. The public pension funds had a vested interest in buying CDO tranches, they represent public employee unions whom would do anything to increase property tax assesments and property tax revenues.

If they can create, maintain or extend a housing bubble-they increase their own pay potential exponentially (at least in their tiny Socialist minds).

The public employee unions also benefited from all the pork that FNM & the bankers spread around to promote their agenda.

The public employee unions would love it if every home in America was assessed at a million dollars a unit.

CA is still swimming in property tax revenue INCREASES from their housing funding policies.

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