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Home › Forums › Financial Markets/Economics › Excellent Economist Mag. article on CA’s Gov. retiree Pension problems › pri_dk wrote: Setting aside

November 15, 2011 at 10:01 PM #733033
gandalf
Participant

[quote=pri_dk]
Setting aside the complete lack of credible source[/quote]

You’re uninformed.

http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html

[quote=pri_dk]
The money that the State of California has promised them is THE problem.[/quote]

No. You’re wrong again.

It is not THE problem. It is part of the problem, and as a matter of proportion, it is a smaller issue than financial industry misconduct, which led to the underfunding in the first place.