“Cover your ass” as a service. For example, when all those taxpayer funded defined benefit pensions invested in risky subprime mortgages, they can throw their

“Cover your ass” as a service. For example, when all those taxpayer funded defined benefit pensions invested in risky subprime mortgages, they can throw their hands up and say “but the credit rating agencies said they were well rated”. Of course, they were kind of right because a federal government bailout was waiting in the wings.