Showing posts with label pension. Show all posts
Showing posts with label pension. Show all posts

Wednesday, January 26, 2011

Pensions Versus Bondholders: Who Will Win?


There is a war raging—and it is over your money. Who will get it? The only thing certain is it won’t be you.
 
“The problem with socialism is that eventually, you run out of other people’s money.” That is a sentiment spoken by Margaret Thatcher, and a reality America may be about to face. With a tsunami of state and city bankruptcies threatening, the money grabbing is taking off. A lot of people are going to get impoverished in the process. Will you be one of them?