Follow this circle: Teachers earn a pension. They trust that pension to a professionally managed retirement fund. The fund then invests the money in a private equity firm. The private equity firm then invests the money in a big conglomerate. The conglomerate uses the money to fund gun manufacturers. The gun manufacturers then make amazingly deadly weapons that maniacs can use to shoot teachers and their students.
If there was ever an argument for knowing how your money is invested, this is it.
It’s really no wonder that private equity firm Cerberus Capital Management LP is now dumping its investment in the company that makes the Bushmaster rifle used in the Newtown, Conn. elementary school masacre. Click here to read the details from Reuters.
What’s amazing is that it was getting public pension fund money to invest in gunmakers in the first place.