huskerbob

Defined Benefit Pension Plans May Be Financial Crisis' Next Shoe to Drop

Add in unreported/underreported losses at funds holding pension money, ponzi schemes and criminals like WG Trading who attracted pension money, and things are getting worse just in time for the baby boomers to start collecting their retirement.
I wonder how long until the pension bailout. Maybe they will just juice social security payments. Can't help but think that as long as they are printing dollars, they won't just print a few billions more to buy the boomer vote. Worked for FDR!