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If the state was not going to be able to pay the pensions, where was the money supposed to come with to support the market valuation of private pension funds?

The whole pension crisis story is bogus marketing for the asset management industry.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Fri Oct 10th, 2008 at 08:41:45 AM EST
[ Parent ]
where was the money supposed to come with

Um, to come from

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Fri Oct 10th, 2008 at 09:33:22 AM EST
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