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More Federal Gov't Financial Genuis!
tpmmuckraker.talkingpointsmemo… — The Pension Benefit Guaranty Corporation (the Federal agency that guarantees pension plans) decided to switch billions from bonds into riskier investments such as stocks, foreign equity markets, real estate, etc., in early 2008 - just about the worst timing possible. Another case in which taxpayers are left footing the bill.
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