Public pensioners consider investment

Oregon’s public pensioners may invest in troubled banks around the country.

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Oregon’s public pensioners are interested in buying stakes in some of the troubled banks around the country.

The idea is being pitched as a positive investment opportunity for the state pension fund.

The deal’s unusual structure and hefty fees raise concerns, particularly in light of the Oregon Investment Council’s recent insistence that it would push for better terms, more transparency and better corporate governance from investment managers it does business with.

The transaction also provides a window into how Wall Street financiers are lining up to unwind the banking crisis that many helped create — with high potential for another round of windfall profits for savvy investors.

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