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On some levels the government insuring pensions like this creates an economic incentive to do exactly what these guys are doing.
by AdamM12 8y ago
On some levels the government insuring pensions like this creates an economic incentive to do exactly what these guys are doing.
- imglorp 8y agoIf you don't want to do that, then jail would be a fine disincentive.
- sct202 8y agoGovernment pensions aren't insured like this and also have widespread issues with leaders coming in an slashing contributions so that they can spend the money elsewhere; eg, Illinois on every level of government. The insurance at least protects the pensioners to some degree.
- AdamM12 8y agoReread the article and what I said. The government insures some private pensions, not public pensions. This insurance provides some economic incentive for PE firms and other managers to behave in the manner derided in the article. All I was stating.