APFC Investments revisited

ADN reported on the fund’s loss of Bear Stearns investments following the tumble of the notorious bank that destroyed countless lives giving out loans to those who they knew could never pay them back.  The ADN article is here - I don’t like to steer anyone to this corporate media source, but I do think there’s a lot of progress to be made in steering people towards the right outlook on issues through comment sections.  My ultimate goal of this web site is to steer Alaska’s ‘mainstream’ (corporate and usually biased) media readership towards this site and other sites, such as those liked here.  I occasionally comment on some of ADN’s articles, such as that one- Here’s what I wrote:

How about the real APFC story

Our 16 year old Alaskan is the only one in the state who had the common sense to question the ‘blind’ investing of the fund.
Ethics is what corporations abandon, not state governments (I won’t even start with our Feds…). While we’re pretending like we’re ‘cleaning house’ of all the state political corruption, now is the time to also rethink the indiscriminate investment of the fund. Regardless of what social or environmental injustice companies are involved in (approving of a government’s genocide practices is just ‘the ugly face tip of the iceberg’), we threw ethics out the window long ago to squeeze all we can out of the dollar. Does a 4 figure check silence any ethics outcry from our state’s people?
I’d rather have a $20 check instead of investment in twisted bullshite all over the world.
So to review, here is the APFC investment list and the top 50 list:

http://www.apfc.org/iceimages/investments/2007_12_All_Stock_Holdings.pdf

http://www.apfc.org/investments/top50.cfm

and to remind you what’s at stake and to prove a point, let me know if you have luck finding one of these companies that is not part of our blood check fund investment:

TOP 100 US Defense Contractors:
http://www.govexec.com/features/0807-15/0807-15s3s1.htm

Oh, and Bear Stearns- definitely was a frontrunner in the lucrative field of ethicless business.

~ by Matt on March 18, 2008.