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Brookfield Asset Management: Pension Thieves

October 14, 2012

Here’s a quick video showing pensioners in Eastern Canada whose pensions have effectually been stolen from them.

Brookfield Asset Management, owner of Island Timberlands, purchases bankrupt companies, renames them and continues profitable operations while reducing pension incomes by up to 35 – 40%. With assets of over $150 billion dollars, they are able to work Canadian bankruptcy laws in their favour. It’s all legal, but is it right?

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