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The States: Where We Wish Texas Would Secede Already

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I heard something similar for Idaho the other day on the radio. Some state retirement funds and what not are at least partially invested in foreign assets which of course included Russia and they are taking a pretty good hit and trying to get out of it. Some of it has also been frozen by the Russians as retaliation to our sanctions apparently?
 
Proud2baLaker said:
I heard something similar for Idaho the other day on the radio. Some state retirement funds and what not are at least partially invested in foreign assets which of course included Russia and they are taking a pretty good hit and trying to get out of it. Some of it has also been frozen by the Russians as retaliation to our sanctions apparently?
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Well that one’s easy to explain. They just put it in the wrong Bank of Moscow.
 
SJHovey said:
Their investment in that Russian bank was just a tiny, tiny fraction of the retirement funds assets. $13 million is a world of money to you and me, but for these types of retirement funds, it's nothing.
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I read the same thing. It's ... not good. But it isn't as horrible as it's made out to be.
 
aparch said:
The state who keeps electing Moscow Mitch makes you wonder why they were invested so heavily in Russia?
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I think it's more a Rand Paul (you know, that scumbag) thing.
https://time.com/6149542/rand-paul-senate-russia/

He hides behind being a non-interventionist, but that's just a facade in my opinion.

Paul has a long history of sucking up to Russians:
https://www.npr.org/2018/08/09/636982295/is-it-springtime-for-putin-and-republicans
https://www.vanityfair.com/news/2018/08/rand-paul-donald-trump-perfect-russia-stooge
 
Swansong said:
I think it's more a Rand Paul (you know, that scumbag) thing.
https://time.com/6149542/rand-paul-senate-russia/

He hides behind being a non-interventionist, but that's just a facade in my opinion.

Paul has a long history of sucking up to Russians:
https://www.npr.org/2018/08/09/636982295/is-it-springtime-for-putin-and-republicans
https://www.vanityfair.com/news/2018/08/rand-paul-donald-trump-perfect-russia-stooge
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Rand Paul's neighbor needs to make a visit to his house again.
 
mookie1995 said:
It’s one thing to have money with an asset mgr who invests there vs your own “investment” which is listed as the 2nd largest owner block.
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I guess, but not really. Sberbank is listed on multiple exchanges. Vanguard had three funds on the listing I linked w/ 100s of millions of shares. The kentucky fund had $13M worth. I don't think that's an outsized investment in a company with market cap around $80B as of 12/31/21.

A quick google search shows they had $13M in a foreign stock out of >$11B in total holdings. MEH.
https://fintel.io/i/teachers-retirem...te-of-kentucky


Yeah, they aren't even close to having the #2 holding for an $80B bank
https://fintel.io/so/gb/sber
 
Kentucky is a bunch of amateurs.

The Permanent Fund’s biggest Russian stock holdings are in the state-owned gas company Gazprom, the private oil and gas company Lukoil, and the state bank, Sberbank, according to a September listing. The remainder of the corporation’s holdings in Russia include corporate and governmental bonds and a small private-equity investment worth less than $1 million and not listed on public markets.

“APFC is not contemplating a divestment strategy at this time. We are closely monitoring the situation; and as always, will strive to do what is in the best interest of the Alaska Permanent Fund,” said Paulyn Swanson, the corporation’s communications officer.
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Kepler said:
Good. I look forward to when we do home visits of social services to Republican parents as prima facie evidence of child abuse.

I wish we could speed up the clock twenty years to when these fucks will be universally placed alongside Nazis.
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Best part of that: president of The Young Conservatives at UNT hid in the closet until it was over.
 
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