Pensions and Tax-Exempt Bond Insurance

The steep market declines over the past year have left many state and local governments struggling with severely underfunded pension plans. The Wall Street Journal reported today that several states and municipalities are considering extreme measures to address pension shortfalls. This also has implications for municipal bond insurance, including the business Berkshire Hathaway entered in early 2008.

While America Aged by Roger Lowenstein

Roger Lowenstein’s latest book, “While America Aged” provides thee compelling case studies of pension funds that impacted private industry and government, and provides a prescription for reforms to fix the system.

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