Q: Why have hedge funds gotten so large?
Really, this is not a joke.
A: Because they have huge amounts of OTHER PEOPLE'S MONEY to invest.
That money is often from large pools of investments. Like retirement funds.
If the public employees do not like the way their future is being manipulated by the power elite in collaboration with their media puppets, maybe the public employees should take control of the puppet strings.
Wisconsin public employees have the opportunity to participate in the Wisconsin Retirement System. This system currently includes over 265,000 participants. Their money is managed by the Wisconsin Department of Employee Trust Funds
Their website says that "The WRS continues to be one of the best-funded public retirement systems in the country"(pdf)
This fund was valued at over $69 Billion in 2010 (HuffPo 2.22.11).
The California Public Employees Retirement System is among the nation's largest with assets over $225 Billion.
With thousands of Californians protesting, and the prolonged skirmishes throughout the midwest, Texas and Florida, maybe it is time that the public employees did more to promote their legitimate interests.
Instead of investing $225 billion with hedge funds, CalPERS could BUY Disney ($60 Billion) along with NewsCorp ($60 Billion), Comcast ($60 Billion) and still have enough for Koch Industries ($43 Billion)
Who would be Fair and Balanced THEN?