Monday, October 28, 2019

Kenny setting up AMCo for another theft!

Today it was announced the Government pension funds would be moved away from safety into AIMCo which is anything but arms-length from the Government. 
 Jim Prentice was busted stealing 7 million dollars from the Government pension funds managed by AIMCo. Not a crime in their minds as they consider the Government staff are overpaid. Then, they lied about it for 6 weeks before capitulating under threat of court to set things right again. 
 It appears to me Kenny is setting up his new banking system.  Union better watch AIMCo like a hawk.

Add to:
This is much worse than I first presented  See:https://www.pionline.com/pension-funds/alberta-proposes-aimco-take-management-teachers-fund

Any fund that allows their money to be sucked up to be used for the provincial finances is being suckered.

There are 20 billion dollars in the combined take-overs.  It is not uncommon for an agency to take a 5% transfer fee in setting it up!




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