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That's already the case. A pension fund (at least in France) can't take a seat at the local casino. The rules are about: 80% government bonds, 15% corporate bonds (usually AAA) & 5% riskier holdings.
by vladimir on Tue May 19th, 2009 at 12:47:11 PM EST
[ Parent ]
Except that these rules are systemically counterproductive and make the pension funds predictable targets for more nimble players.

The brainless should not be in banking. — Willem Buitler
by Migeru (migeru at eurotrib dot com) on Tue May 19th, 2009 at 12:52:09 PM EST
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