bwd

7 ms·

1. 61.▲
   by bwd 18y ago

   Actually, I think a slightly different process will appear each time. Different enough that people will not recognize it for what it is except in hindsight. Since regulation is most effective as a reaction to a problem, perhaps we should
2. 62.▲
   by bwd 18y ago

   "We too thought our retirement funds and houses were growing miraculously, though ours was an illusion fueled by debt rather than fraud" This is clearly true regarding housing prices and the returns and market prices of financial companies,
3. 63.▲
   Heavy losses at Calpers(globaleconomicanalysis.blogspot.com)

   1 points by bwd 18y ago|0 comments
4. 64.▲
   by bwd 18y ago

   People still write things by hand?
5. 65.▲
   by bwd 18y ago

   "The state and local government pensions I'm familiar with should actually be safer than most pension systems" Considering the fact that many defined benefit programs look about as safe as ticking time bombs, this doesn't particularly reass
6. 66.▲
   by bwd 18y ago

   Given how deeply some of the state and local governments are in the hole in this financial crisis, has anyone given any serious thought as to how safe government pensions really are? The two possible scenarios that worry me the most about