Relevant:
- Hidden Pension Fiasco May Foment Another $1 Trillion Bailout
- Pension Funds Making Alternative Bets Struggle to Keep Up
- Desperate Public Pension Funds Double Bets in Hedge Funds
- Seven Public Pension Systems Call Out Major Lenders on Their Foreclosure Practices
- Union officer pension plans remain flush as rank-and-file retirement plans deteriorate
2009-03-03 — bloomberg.com
Public pension funds across the U.S. are hiding the size of a crisis that’s been looming for years. Retirement plans play accounting games with numbers, giving the illusion that the funds are healthy.
We have been warning about this for years. Yet another hyperinflationary precursor force.
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