Well, to be fair pensions werent like cash reserves, they were investment funds.
Which is a different issue all together.
But that’s how Bernie Madoff got so much, in addition to wealthy individuals he scammed the pension funds of major cities.
Shit didn’t get fucked up overnight, it was a slow progression. Which is why we can’t just roll back 50 years and pretend it’s solved, shit will just fuck up again.
Well, to be fair pensions werent like cash reserves, they were investment funds.
Which is a different issue all together.
But that’s how Bernie Madoff got so much, in addition to wealthy individuals he scammed the pension funds of major cities.
Shit didn’t get fucked up overnight, it was a slow progression. Which is why we can’t just roll back 50 years and pretend it’s solved, shit will just fuck up again.