In Search Of A Pension Fix (When None Is Possible): What Happens?

by Mike Shedlock via MishTalk.com,
ZeroHedge.com
Feb 10, 2017

As I pointed out long ago, there is no possible fix to the Dallas pension mess except massive haircuts to pension payouts.

Given The pension board does not want to admit that, nor the mayor, nor the city council, it was inevitable talks would disintegrate into finger-pointing and lawsuits.

That’s precisely what happened.

The story is a bit convoluted and hard to follow without the background so for those unfamiliar here are some articles to bring the story up-to-date.

The Rest…HERE

This entry was posted on Friday, February 10th, 2017 at 4:08 pm and is filed under Conspiracy, Corruption, Economics, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.