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if you’re a Wall Street bank and you engineer a “synthetic rate swap” deal.
Bob,
Just when we think that there is no higher level of insanity - or dishonesty...KABOOM.
Woe on all current and future penison participants everywhere.
The example of the municiple bond problem described in the article is what may be called just another small the "tip of the iceberg" related to underfunded pension systems.
The attempt to create legitimate reform has done nothing but initiate a reckoning by the banking and market institutions.
Turn on ANY brand of political machine - and it automatically goes to the "SPIN and LIE CYCLE"
