Jason goes on a rant about pension funds in the US being ripped off or defrauded by private equity, hedge funds and Wall Street investment banks as well as politicians that lied and over-promised cushy retirements to voters that they knew could not mathematically be paid for at the state and local level without bailouts from the US federal government (US taxpayer then screwed over) and the Federal Reserve.
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.