“Insanity” or Just “A Bad Idea”: Wall St.’s Vulture Capitalism Pension Pitch
via Bloomberg: City bets investment profits from bonds will fund health care Tactic has been used widely for pensions, with mixed results It’s a “considerable risk,” a “bad idea,” or, as one expert put it, “insanity.” And it may be the next big pitch Wall Street bond underwriters make to states and cities desperate to … Read more