Did Banks Dump Structured Financial Products in Your Pension Fund? | Janet Tavakoli

`` We rarely investigate the role that the pension fund administrators and Wall Street had in helping to create massive shortfalls. For example, in 2008, when former Goldman Sachs CEO Jon Corzine was governor of New Jersey, the New Jersey Division of Investment bought $400 million of Citigroup stock (January 2008), $300 million in Merrill Lynch stock (January 2008), and $180 million in soon-to-be-bankrupt Lehman shares (June 2008).''