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Education Law
: EdjuristThe Power of Pension Funds
As regular readers know, I have a little secret infatuation with teacher pension systems. I've posted on them several times, but this is one of the more recent ones.
Anyway, today the Indiana Teacher's Retirement System (which I know a lot about), with a couple other Indiana pension systems, stopped the Chrysler sale. Mark Walsh had it earlier and Justice Ginsburg issued the order.
Now, this doesn't mean the sale won't go through. Nor does it really mean that only a pension system could have stopped it. Any number of plaintiffs could have stopped it - it just happens that it was pension systems.
But, I feel it is a good corollary of just how powerful these pension systems are - they can literally shut down international commerce - bet you didn't know teachers were so powerful.
Full post as published by Edjurist on June 08, 2009 (boomark / email).
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