Pensions, Everybody's Gravy Train

Oh, look. Banks may have found a new way to screw with public pensions: by overcharging them for foreign exchange transactions.

[S]tates are looking into whether certain banks charged state pension funds the most expensive foreign-exchange price during the day when a trade took place, rather than the rate the bank paid--and when currencies were sold, paid them the lowest price for the day.

So, the GOP would like to renege on promises made to pensioners - and banks managing the money owed to pensioners have been siphoning the money when nobody's looking.

It's starting to look like the only people who have trouble getting money out of public pensions - are pensioners.

Nice.