PGBC loses $4 billion-No Big Deal!

[cgtrader]

http://www.reuters.com/article/domesticNews/idUSTRE49N84I20081024


Does anyone have a link to the story from roughly 8 months ago that talks about the new rules allowing the PGBC to invest a larger portion of their funds into equity markets than ever before??

The PGBC was used to prop up the markets from falling much earlier.

 

[cgtrader]

Quote from cgtrader:

http://www.reuters.com/article/domesticNews/idUSTRE49N84I20081024


Does anyone have a link to the story from roughly 8 months ago that talks about the new rules allowing the PGBC to invest a larger portion of their funds into equity markets than ever before??

The PGBC was used to prop up the markets from falling much earlier.

Shedlock is a fing PIMP! Man I love that guy, he is one guy that GETS IT!!!!

http://seekingalpha.com/article/925...tion-rolls-the-dice-at-exactly-the-wrong-time

 

[nutmeg]

I'm curious too. I looked around and this seems to be difficult to find. Must be buried somewhere in a black hole.

 

[cgtrader]

Quote from nutmeg:

I'm curious too. I looked around and this seems to be difficult to find. Must be buried somewhere in a black hole.

Ah I have the link above, ya likely the official link is lost like a White House email.

 

[nutmeg]

Good article on seeking alpha, sums up the mindset of the gov't. it's a merry go round.