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The Irish National Pension Fund Reserve says it liquidated €10B so far in 2011 in order to...

The Irish National Pension Fund Reserve says it liquidated €10B so far in 2011 in order to contribute to the EU/IMF bailout of the banking system.  The total fund size now stands at €20.8B, with 1/2 of that in shares of Bank of Ireland (IRE) and AIB. The fund's value has fallen 25% YTD due to those bank investments.
Comments (2)
  • apberusdisvet
    , contributor
    Comments (2978) | Send Message
     
    Kiss your retirement away Irish lads and lassies; you should have learned from Iceland; the big middle finger to the banksters worked wonders for them; the Icelandic economy is actually growing after rejection of perpetual debt slavery.
    27 Jul 2011, 11:57 AM Reply Like
  • radicall
    , contributor
    Comments (531) | Send Message
     
    Wow! Someone is either really confident or really foolish!

     

    50% concentrated in 2 stocks and the other half given for bailouts? I certainly won't want my 401(k) invested that way...
    27 Jul 2011, 02:12 PM Reply Like
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