Comments on: Guest Post: Chooching Pension Funds? http://www.nakedcapitalism.com/2009/07/guest-post-chooching-pension-funds.html Sun, 22 Nov 2009 23:47:30 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Leo Kolivakis http://www.nakedcapitalism.com/2009/07/guest-post-chooching-pension-funds.html#comment-50471 Leo Kolivakis Tue, 14 Jul 2009 17:47:07 +0000 http://www.nakedcapitalism.com/2009/07/guest-post-chooching-pension-funds/#comment-50471 In my opinion, the biggest abuses are where oversight is werakest: city pension funds which dole out millions to third party funds. But even larger plans have weak oversight, which is why I argue for a complete and comprehensive annual performance, operational and fraud audit by independent experts. These reports would augment those of other auditors who only look at financials and they would be made public.<br /><br />Leo In my opinion, the biggest abuses are where oversight is werakest: city pension funds which dole out millions to third party funds. But even larger plans have weak oversight, which is why I argue for a complete and comprehensive annual performance, operational and fraud audit by independent experts. These reports would augment those of other auditors who only look at financials and they would be made public.

Leo

]]> By: DocG http://www.nakedcapitalism.com/2009/07/guest-post-chooching-pension-funds.html#comment-50455 DocG Tue, 14 Jul 2009 13:08:29 +0000 http://www.nakedcapitalism.com/2009/07/guest-post-chooching-pension-funds/#comment-50455 When time after time after time we see people in positions of great responsibility being indicted for corruption-related crimes, how can we expect that our corruption-riddled financial system can ever be meaningfully regulated? The great financial meltdown gave us the opportunity to rid ourselves of this pestilence once and for all. Instead, our leaders are working overtime to resurrect it. And most of our economists are working overtime to enable them. Where do YOU stand, Yves?<br />http://amoleintheground.blogspot.com/ When time after time after time we see people in positions of great responsibility being indicted for corruption-related crimes, how can we expect that our corruption-riddled financial system can ever be meaningfully regulated? The great financial meltdown gave us the opportunity to rid ourselves of this pestilence once and for all. Instead, our leaders are working overtime to resurrect it. And most of our economists are working overtime to enable them. Where do YOU stand, Yves?
http://amoleintheground.blogspot.com/

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