Responding to the ridicule of teachers and the teaching profession by politicians and self proclaimed "experts"!
"Where is Albert Shanker now that we need him?" - Walt Sautter

Tuesday, 30 April 2013

Am I A Conspiracy Theorist ? Maybe !


I had lunch with a friend last week. 
He said he had been cleaning out his filing cabinet and found this!
I found it both shocking and depressing. I have underlined some of the purported returns of the 1998 TPAF. 
I am a frequent viewer of the TV show"American Greed" on CNBC. Many of the shows are about Ponzi Schemes that are foisted on the public.
When I first looked at the returns on this pension report they immediately reminded me of the returns promised by the fraudsters shown on the aforementioned shows.
Then I began to think about this a bit more. I wonder if this these reported returns were really valid at the time or if they were artificially concocted to those seemingly impossible levels?
You might say " You must be a conspiracy theorist! "
(Well, I don't think I am a  conspiracy theorist but maybe!)
"Why would anyone want to inflated those numbers? "
Someone who wanted to "borrow" (steal) money from the fund so as to give tax breaks and thereby enhance his/her reelection chances and just might like to use these return numbers to justify the "theft", that's who !

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