Tsunami after Tsunami Beating on the Shore
Hidden Pension Fiasco May Foment Another $1 Trillion Bailout
With stock market losses this year, public pensions in the U.S. are now underfunded by more than $1 trillion.
That lack of funds explains why dozens of retirement plans in the U.S. have issued more than $50 billion in pension obligation bonds during the past 25 years -- more than half of them since 1997 -- public records show.
The quick fix for pension funds becomes a future albatross for taxpayers.
Isn't it strange the issues Alstry was warning you about a year ago are headlines today as the many were saying things were just fine???? The Fools that were calling Alstry too doom and gloom have scores barely above zero????? That Alstry's blog didn't provide any decent investment advice but Alstry is now on the rim of entering the top ten CAPs players in just about a year.
Just wait for the state and municipal defaults.............and the beat goes on and on.....pretty soon everyone will be singing right along with Alstry We Got the Beat