Before It's News | Popular Money
Fat Cats Plot Ways To Destroy Bond Ratings To Sabotage Pensions
by Monica Davis It's bad enough that the banksters weakened pension funds with the mortgage crisis: now they're plotting ways to destroy state retirement funds by sabotaging bond ratings. Trillions of dollars in pension funds are invested in bonds; destroy the bond ratings; devalue pension funds; eliminate pensions. The state of Illinois is the nation's pension fund basket case. It's tottering on underfunded legs and a few fat cats are plotting to kick its legs out from under it.
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