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> And why did those socially vital funds invest in a boom/bust industry? Presumably because that's the only way they could generate the returns needed to fund
by cjrp 4y ago
> And why did those socially vital funds invest in a boom/bust industry?
Presumably because that's the only way they could generate the returns needed to fund the pensions?
- jessaustin 4y agoPut another way, they pretended to fund pensions by purchasing securities that were cheaper than actually funding pensions.
- cjrp 4y agoI'd be interested to see the breakdown of a pension fund; is it sustainable with "safer" investments, what sort of margin is the pension fund owner making, etc. I have no real idea.