Print Friendly, PDF & Email

The fund’s board is evaluating an investment of $50 million in bonds issued by the Chicago Board of Education, including whether such an allocation is permissible under fiduciary standards.

Ponzi Squared.

Read Article

newest oldest most voted
Notify of
J.A. Herzrent

The can through the goal posts!! Borrow from pension funds to pay teacher salaries. When the district goes bankrupt, the left hand as bondholder can arm wrestle the right hand as pensioners. Is this everybody wins or everybody loses? Entropy reigns.