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Put another way, they pretended to fund pensions by purchasing securities that were cheaper than actually funding pensions.
by jessaustin 4y ago
Put 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.