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Turbineguy

(39,945 posts)

18. They mean

Reply to Purveyor (Original post)

Thu Sep 25, 2014, 03:48 PM

Sep 2014

Wall Street owes pensioners $2 trillion.

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Largest U.S. Public Pensions Face $2 Trillion Gap, Moody’s Says [View all] Purveyor Sep 2014 OP

Privitization. There'll be no public anymore, just kings and their slaves. nt valerief Sep 2014 #1

Even a pyramid won't last seveneyes Sep 2014 #2

This is largely due to how those liabilities are calculated FBaggins Sep 2014 #3

I don't think interest rates are going anywhere for a very long time taught_me_patience Sep 2014 #6

That would put you in a fairly small minority FBaggins Sep 2014 #10

The Fed buying is supposed to stop in 2015. dixiegrrrrl Sep 2014 #21

They've already started FBaggins Sep 2014 #22

The 30 year's hovering around three. That doesn't suggest much of a long term rate increase. Yo_Mama Nov 2014 #35

If the 30yr was driven only by rate expectations, that would be true. FBaggins Nov 2014 #37

But the fact that they are down to currency spec is telling Yo_Mama Nov 2014 #38

The way I read it, it's largely due to... William Seger Nov 2014 #31

It all depends on how you define "underfunded" and "inadequate" FBaggins Nov 2014 #32

The administrators of the Pensions lovuian Sep 2014 #4

Lets talk about Congressional pensions. Downwinder Sep 2014 #5

The article is pretty vague... Historic NY Sep 2014 #7

See my #3 FBaggins Sep 2014 #12

S&P, Moody’s Lose Bid to Block Calpers $800 Million Suit ctsnowman Sep 2014 #8

Two years ago, it was $1.2 trillion for the top 100 public pensions OnlinePoker Sep 2014 #9

Sure, after Wall Street got done handling those pension funds, closeupready Sep 2014 #11

While this hasn't been much on the radar, SheilaT Sep 2014 #13

Also, pension funds are known as 'dumb money' - closeupready Sep 2014 #15

Bankruptcy turbinetree Sep 2014 #14

And most of those airline pensions SheilaT Sep 2014 #19

It's really worse than it sounds. SansACause Sep 2014 #16

If they ever? Already stopped. Markets went up. whatthehey Nov 2014 #24

It's been two weeks! SansACause Nov 2014 #25

So in other words, any time the next market downturn happens, you'll claim QE caused it? whatthehey Nov 2014 #27

Millions more into deep poverty. SS was designed to supplement this now stolen money. jtuck004 Sep 2014 #17

They mean Turbineguy Sep 2014 #18

Well guess why there is underfunding...find the crooks and arrest them. nt kelliekat44 Sep 2014 #20

That would be nearly every elected state and local official for the past 3 decades. Nt hack89 Nov 2014 #33

"investment returns can’t keep up with ballooning obligations" apnu Sep 2014 #23

In Omaha there are several things that haven't been brought up here Omaha Steve Nov 2014 #26

Rising life expectancy plays a factor as well madville Nov 2014 #28

Don't worry, we are fixing that problem. Live and Learn Nov 2014 #29

where Detroit leads, others will follow quadrature Nov 2014 #30

Moody's is corrupt. bemildred Nov 2014 #34

Just do like they did in Detroit. Octafish Nov 2014 #36