unions killing jobs...

[Riot]

What about the hundreds of billions of dollars union pension funds have invested in wall street investments? No complaints when their investments in these same companies that they demonize are profitable?

Nobody complains when you invest in a company and it is profitable, and most people can take a company not being profitable.

But that's not the way to make money on Wall Street for some time now. That's the point and why people are angry.

The way big money is made now is not purchasing stock in companies, but buying and selling packages of crap like mortgage derivatives. No longer is it buying and selling hard assets and business acumen.

You have Wall Street companies that sell stuff to their investors, then the company takes the short position. And it hasn't been the investors making money.

[Cannon Shell]

Originally Posted by Riot

Nobody complains when you invest in a company and it is profitable, and most people can take a company not being profitable.

But that's not the way to make money on Wall Street for some time now. That's the point and why people are angry.

The way big money is made now is not purchasing stock in companies, but buying and selling packages of crap like mortgage derivatives. No longer is it buying and selling hard assets and business acumen.

You have Wall Street companies that sell stuff to their investors, then the company takes the short position. And it hasn't been the investors making money.

So it is ok for union pension fund to profit from companies that supposedly are doing harm to their workers in order to make that profit bigger?

[Riot]

Originally Posted by Cannon Shell

So it is ok for union pension fund to profit from companies that supposedly are doing harm to their workers in order to make that profit bigger?

I think that a union investing member pension fund monies in the company that the members actually work for makes alot of sense, don't you agree? Seems the members have quite alot of incentive to make that company profitable.

I have some Berkshire Hathaway. Buffet just bailed out Bank of America. I don't agree, and I think Bank of America sucks, and should have been allowed to go bankrupt, but now that I own some of them, I hope they make obscene legal profits.

[Cannon Shell]

Originally Posted by Riot

I think that a union investing member pension fund monies in the company that the members actually work for makes alot of sense, don't you agree? Seems the members have quite alot of incentive to make that company profitable.

I have some Berkshire Hathaway. Buffet just bailed out Bank of America. I don't agree, and I think Bank of America sucks, and should have been allowed to go bankrupt, but now that I own some of them, I hope they make obscene legal profits.

So it is ok for union pension fund to profit from companies that supposedly are doing harm to their workers in order to make that profit bigger?