Insurance Commissioner Steve Poizner requested that California’s pension funds divest $12 billion of their portfolio investments from Iran.
Portfolio investments remained legal even after California’s governor banned direct investment. The pension funds will have trouble selling their massive holdings in just four months, as Poizner told them to do. The investment ban makes little sense: companies from many other countries besides America invest in Iran, including Russia, France, Germany, India, South Korea, and China. Corporations line up to invest in Iran, made only more profitable by the sanctions, and California’s ban only injures domestic pension funds.
In four months, Iran may already have the bomb, and the sanctions will be useless.
It’s strange they’re going to stop financial support to Iran but on the other hand, they definitely had some reasons to do this. or it might have been not Poizner’s desire to limit financial support to Iran and he had only to do what had been said. Anyway, this decision can hardly be called a wise one.
Bushehr Israel bomb
Suppose, they are simply afraid of Iran and its power. Bushehr Israel bomb will be sent to (hopefully) as soon as possible may serve as the main reason as they want to limit any income Iran may get.
California bans Iran and no matter how strange it may seem to be, there’s some sense in it as it will be too hypocritic even for the US to keep on financing this country aftwer all those nuclear scandals. That’s why the fact that California bans Iran is not surprising at all.
To say who is a Jew Britain has a prerogative. Then why shouldn’t Californiah have a prerogative to withdraw the money from Iran?