Oregon Governor is operating a Ponzi scheme

koshergrl

Diamond Member
Aug 4, 2011
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It has been identified with the PERS nightmare system, but I can tell you the exact same thing goes on all through DHS.

" “PERS is nothing more than a Ponzi scheme that is driving local and state government towards bankruptcy. Self serving politicians who benefit from PERS are not going to fix it even though it’s going to hurt Oregonians”

Comparing Ponzi Schemes between Bernie Madoff and Gov. Kate Brown | The Oregon Catalyst

"“We should have been addressing this 20 years ago and it’s just been building. It’s a little bit like a Ponzi scheme. Sooner or later it’s going to catch up with you.”
KATY DURANT
GOVERNOR-APPOINTED OREGON INVESTMENT COUNCIL CHAIR RESPONSIBLE FOR INVESTING OREGON INVESTMENT PENSION FUNDS


SEPTEMBER 21, 2016

Home

 
"The numbers are bleak. Oregon’s pension system owes billions of dollars more to retirees than it has, and the last major attempt to fix the problem was shot down in courts."

"Experts openly acknowledged they’re understating the magnitude of Oregon’s problem. They’re relying on optimistic assumptions about investment returns. And they’re holding down required pension payments below what’s needed to keep pace with the debt, to avoid eviscerating school and government budgets across Oregon."
 
It has been identified with the PERS nightmare system, but I can tell you the exact same thing goes on all through DHS.

" “PERS is nothing more than a Ponzi scheme that is driving local and state government towards bankruptcy. Self serving politicians who benefit from PERS are not going to fix it even though it’s going to hurt Oregonians”

Comparing Ponzi Schemes between Bernie Madoff and Gov. Kate Brown | The Oregon Catalyst

"“We should have been addressing this 20 years ago and it’s just been building. It’s a little bit like a Ponzi scheme. Sooner or later it’s going to catch up with you.”
KATY DURANT
GOVERNOR-APPOINTED OREGON INVESTMENT COUNCIL CHAIR RESPONSIBLE FOR INVESTING OREGON INVESTMENT PENSION FUNDS


SEPTEMBER 21, 2016

Home

Let them implode and the ones at the top forfeit their pensions while the others get covered by the Fed somehow? :dunno:
 
It has been identified with the PERS nightmare system, but I can tell you the exact same thing goes on all through DHS.

" “PERS is nothing more than a Ponzi scheme that is driving local and state government towards bankruptcy. Self serving politicians who benefit from PERS are not going to fix it even though it’s going to hurt Oregonians”

Comparing Ponzi Schemes between Bernie Madoff and Gov. Kate Brown | The Oregon Catalyst

"“We should have been addressing this 20 years ago and it’s just been building. It’s a little bit like a Ponzi scheme. Sooner or later it’s going to catch up with you.”
KATY DURANT
GOVERNOR-APPOINTED OREGON INVESTMENT COUNCIL CHAIR RESPONSIBLE FOR INVESTING OREGON INVESTMENT PENSION FUNDS


SEPTEMBER 21, 2016

Home

Let them implode and the ones at the top forfeit their pensions while the others get covered by the Fed somehow? :dunno:

It shouldn't be the little guys who get screwed though. These people should be in prison. Our LAST governor should be in prison. They are fucking criminal pigs and so are their crooked judges.
 
It has been identified with the PERS nightmare system, but I can tell you the exact same thing goes on all through DHS.

" “PERS is nothing more than a Ponzi scheme that is driving local and state government towards bankruptcy. Self serving politicians who benefit from PERS are not going to fix it even though it’s going to hurt Oregonians”

Comparing Ponzi Schemes between Bernie Madoff and Gov. Kate Brown | The Oregon Catalyst

"“We should have been addressing this 20 years ago and it’s just been building. It’s a little bit like a Ponzi scheme. Sooner or later it’s going to catch up with you.”
KATY DURANT
GOVERNOR-APPOINTED OREGON INVESTMENT COUNCIL CHAIR RESPONSIBLE FOR INVESTING OREGON INVESTMENT PENSION FUNDS


SEPTEMBER 21, 2016

Home

Let them implode and the ones at the top forfeit their pensions while the others get covered by the Fed somehow? :dunno:

It shouldn't be the little guys who get screwed though. These people should be in prison. Our LAST governor should be in prison. They are fucking criminal pigs and so are their crooked judges.

Oh, I forgot to say "forfeit pensions and face charges" They should lose assets, too. Anything accrued over their salary since they were elected.



Ofc none of that will happen.
 

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