It’s not the corruption as much as it is the acceptance. Just business as usual. With Corruption Like This, It’s No Wonder So Many Pension Funds Are Insolvent by Tyler Durden Tue, 10/09/2018 – 08:21 Authored by Simon Black via SovereignMan.com, Last week, the head of a New York state pension fund found herself a new job. Vicki Fuller, the former head of New York’s $209 billion fund, now earns $275,000 per year working part time for a natural gas group called The Williams Companies – good work if you can get it. It’s noteworthy that when Ms. Fuller ran her state pension fund, she invested $110 million of taxpayer money to buy bonds issued by none other than The Williams Companies. Bear in mind that Moody’s, the credit rating agency, downgraded Williams’ financial outlook to “negative” because of the company’s high leverage and risk. The fund that Ms. Fuller...