As I stated in The Art of Theft speech, I am not aware of any pension, not even the largest, that has adequate procedures in place to prevent and detect fraud related to all the various parties that have a hand in managing the assets.

FORBES: The Growing Scrutiny of Pensions ( August 22, 2005)

But the biggest truth running through the speech is that France, as Charles Grant has written, is learning the art of "followership" in Europe.

BBC: Germany, France and the ECB

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FORBES: PowerPoint Is NOT a TelePrompTer