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>Maybe the problem is that government shouldn't have people's retirement funds to manage. All pension funds, effectively, have government as, at minimum, the b
by bilbo0s 7y ago
>Maybe the problem is that government shouldn't have people's retirement funds to manage.
All pension funds, effectively, have government as, at minimum, the backstop. No way the government would let a large private pension fund fail. (At least, I don't think they would? Maybe I'm being naive?)
- conanbatt 7y agoIf its a single fund, like Enron's pension fund, they are toast. If its a chunk big enough like the 2008 crisis, then they swoop in. Remember to bet in things that fail big time!