Is CalSTRS about to pour money down the toilet for political correctness?

Dec 19th, 2012 | By | Category: Budget, Politics-Relevant;, Retirement
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money_down_toilet-2The California State Teachers Retirement System, like CalPERS, is backed by the full faith and credit of the taxpayers of the formerly great state of California.  They have about $400 million invested with Cerberus at this time.  Cerberus is a principal owner of Bushmaster, the people who made the (legally purchased and owned) semi-automatic rifle carried by the dingdong who killed all those people in Newtown.  CalSTRS is seriously considering dumping what might otherwise be considered a good investment out of political correctness.  It might turn out to be a moot point as it seems likely that Cerberus will dump the investment itself.  Never the less I admit it bothers me that my personal money is being placed at risk on the altar of political correctness.

2 Comments to “Is CalSTRS about to pour money down the toilet for political correctness?”

  1. Alley Cat says:

    This is why my 457 and 401K are invested in the PCRA (Personal Choice Retirement Account) option by SPP. I refuse to let the hippy liberals invest my money in their feel-good fluffy stuff.

    • Bing says:

      Alley, i am with you. I’m getting ready to switch my entire account over to the PCRA. Who do you use for your financial advisor and whats your portfolio look like>