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American Munis

När kommunala höjdare får härja fritt kan notan bli dyr. Vem ska betala för deras dumheter? Samma fråga kan ställas gällande många av de polycies dagens centralbanker ägnar sig åt.

“It was like a gigantic playhouse,” says Nick Congemi, 68, chief of the Greater New Orleans Expressway Police in Metairie, who for years criticized the system’s leadership and investments. “These people have taken the futures away of good, decent law- enforcement officers who thought they could depend on this for the rest of their lives.”

http://www.bloomberg.com/news/2011-04-15/losing-84-cents-on-dollar-reveals-runaway-u-s-public-pension-shortfalls.html

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