Last week, I detailed how the Bush Administration gutted the fund that is the safeguard for private pension protection. Now, information is coming to light that man responsible, Charles Millard, was warned specifically that the route he eventually took with the fund could and very likely would lead to dire results. What is interesting is that the warnings came from Members of Congress, who were later informed by Millard when he indeed made the catastrophic changes. What is unknown is why no outcry from Congress came at that time. Were the changes approved? Were they overlooked? I hope someone keeps digging into this.
Sadly, there are too many April Fool's to count pretty much every day of the year.
1 April 2009
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