Monday, October 7, 2013

First Poland, Now Russia Confiscating Private Pension Assets

If Poland can do it, then Russia can too.  Another precedent for government confiscation of private pension assets: 
"Russia’s government is temporarily seizing $7.6 billion in savings from non-state pension funds while it carries out inspections"
http://blogs.wsj.com/emergingeurope/2013/10/03/russia-to-grab-pension-money-temporarily/

http://rikgreeninvestorforum.blogspot.com/2013/09/poland-nationalizing-private-pension.html

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