This is your daily pension announcement: It only gets worse from here! This is...well making Alberta the laughing stock. Putting us on the map for all the wrong reasons. #ABLeg #handsoffmypension #stupidiswhenstupiddoes https://www.theglobeandmail.com/business/article-alberta-pension-manager-loses-4-billion-on-investment-bet-gone-wrong/

I have worn out my rage-o-meter for tonight but take a look at these quotes....

"Alberta Investment Management Corp., known as AIMCo, suffered far larger losses than comparable funds after investing in contracts that pay off only if stock markets remain stable." #ABLeg #failhard

"The sources said that AIMCo now acknowledges its executives were not fully aware of the risks they were taking."

Get this, AIMCo executives were using a strategy that they did not understand....let that sink in.

We pay the executives millions upon millions every year. #ABLeg

"The average Canadian pension plan lost 8.7 per cent of its value in the first three months of this year, according to consulting firm Mercer. When it formally reports quarterly results to clients later this month, AIMCo is expected to be down far more than this." #ABLeg

#fail

"The Alberta Teachers’ Association has argued that its members have been well served by the Alberta Teachers’ Retirement Fund, which has managed their pensions for decades and has modelled itself on the Ontario Teachers’ Pension Plan." #quotemeonthat #ABLeg

I need the GOA to be something more than a financial cosplayer. Decisions need to be analyzed and studied. Not made to pay back political supporters. #handsoffmypension #ABLeg