Then you could have another pension fund, Pension Fund 2.

So that's me, pension fund.

I am a pension fund.

In the previous example, I had Pension Fund 1, that was my pension fund.

And this is Pension Fund B.

A will pay Pension Fund 1 10 .

let me draw me, I'm the pension fund.

And this pension fund had the same problem.

200 basis points goes from Pension Fund 2 to B.

But what AlG says is, you know what pension fund?

This is Corporation B, and maybe Pension Fund 2 wants to

Why don't you go buy some beers courtesy of the pension fund.

Let's say Pension Fund 1 were to lend 1 billion to A.

Yeah, till next month when the town council meets. Marshal's pension fund.

From my pension fund they're getting 1 per year of 1 billion.

Well, maybe he thinks he's entitled. It's like you and your pension fund.

Another of my partners got the Episcopal Church pension fund to invest. Laughter

I tell you what, the best donation to the Marshal's pension fund wins the argument.

But I can't do it, me as a pension fund, I cannot lend them money.

From this pension fund, they're getting 1 and 1 2 , 150 basis points, per year.

Let's say that I'm a pension fund, and I have money to lend to other people.

By the way, I had thought about asking my church's pension fund to invest, but I didn't.

It was his pension fund, our savings, basically every last dime we had to our name, gone.

Maybe by law, maybe he's a pension fund or he's some type of a mutual fund, that's forced to invest in something of a certain grade.

Pension Services, please.

Management

He was granted a pension.

My pension was in it.

Hedge Fund 1.

Pete's mutual fund.

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