Who Dropped the Ball on Wall Street’s Losses for Retirees?

Were the watchdogs asleep when the Central States Fund was losing the money that belongs to our retirees and Teamsters? Read the MarketWatch Report “How the Teamsters Pension Disappeared More Quickly Under Wall Street than Under the Mob.

kfeinberg_thumb.jpg

Related Stories: How Independent is Central States “Independent Counsel”? and Central States Pension Fund: $16.1 Billion.


Showing 4 reactions

Please check your e-mail for a link to activate your account.
  • Stephanie McAllister
    followed this page 2016-08-29 12:37:28 -0400
  • Bruce Swearingen
    commented 2016-04-12 19:47:00 -0400
    Any Teamster fortunate to attend the Delegate meet here in Vegas
    the past two elections knows what happened to the central States pension funds.
    In dishonest. claim(2006 Leedhamvs.hoffa) Hoffa waived a notice from the podium that UPS agreed to cardcheck in the notice ew UPS freight division .
    By 2009 (Sandy pope—-fred gegare—hoffa).
    Gegare speech.." what they are doing at central States is criminal!!"
  • Lori Essig
    commented 2016-04-06 14:40:45 -0400
    Anybody go to part 2 and notice where Nyhan had to write a 2 page letter to a journalist explaining an investment in a Russian Bank? I had noticed several times in other paperwork that they had invested $77 millions in that bank. Nyhan explains it as an investment of $27 in a bond from a Russian bank and that we lost only $9. on that investment.

    Now call me a fool if you want but for a big fund like we used to have to invest $27.00 in anything vs $77 million; I would be more inclined to believe the 77 million than the $27.00.

    These people are inclined to throw around amounts in the millions like I throw around $20’s which is slowly coming to an end since I am looking at a huge cut.

    This is common sense. Why in the hell is our pension money going to foreign countries and it ends up a total loss?
  • Lori Essig
    commented 2016-04-05 20:47:29 -0400
    Those of you who think you may/will qualify for SNAP/ food stamps/ other gov’t benefits with the pending cuts; check out the minimums for your state. You will most likely be surprised that you are not low enough to qualify.
    They most likely planned this out so we have no way to get any aid. Too old and or disabled to get a part time job and make too much with pension and Social Security to get any help.
Get Advice Join TDU Donate

Recent News

Chicago Local 786 Leaders File Suit to End “Illegal Trusteeship” and Restore Democracy

On December 11, the elected officers of Chicago Local 786 filed suit in federal court requesting an injunction to stop an “illegal trusteeship” imposed by James Hoffa last July.

Central States Pension Fund: $12.7 Billion in Asset

The third quarter financial and analytical report shows that the Central States Pension Fund is down to $12.7 billion in assets, a drop of $460 million since the beginning of 2019.

View More News Posts