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Posted April 4, 2017 9:16 pm by WirePoints Comments (5)
“Very,” says actuary Mary Pat Campbell.
5 Comments on "Exactly How Screwed Are Chicago Pensions? – Stump"
All the recent quiet crafting of laws specifically designed to determine who gets what and when in bankruptcy is the best evidence. Evidence that we have been brought past the point of no return fiscally by these schmucks. And they know it. Why these laws all the sudden for banks, bond holders, etc.? It’s because they have to “lawyer up” Knowing it’s all now a Ponzi scheme. Not to stay out of jail, but to “get what’s mine” ahead of you.
Could Chicago voters through referendum force appointment of a receiver under the Financially Distressed Cities Act?
Dunno. I, for one, wouldn’t bother to research that because Chicago voters don’t have the slightest idea how bad it is, thank to our incompetent media.
Incompetent media? Biased media? Or don’t want to upset the apple cart?
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