Prominent public figures are appearing on taxpayer-funded television to shape the discourse about the pension heist after the media has been flooded with information from reputable sources that question the need for Raimondo’s intervention. It’s no surprise that Michael Riley and Brown University’s Wendy Schiller, along with Edward Achorn, are defending these efforts, they are neo-liberals, but Democratic Party Chair Joseph McNamara should be seriously interrogated for this: he is supporting the impoverishment of senior citizens while the Governor seemingly profits off the shady and not-so-blind trust that the pension is invested in.
Riley does provide some useful commentary. He emphasizes that the pension is invested in a bunch of junk commodities that are going to cause trouble down the road. What he does not mention is that the pension will not return to viability in the future because of the outrageous fees being billed to the pension fund by the hedge fund managers.