Public pension funds want more risk
Bob Morris @ Aug 14th 2008 12:18 - Category: Credit crisis
Rather than simply absorb losses from trading in the currently tricky, highly volatile market, public pension funds are asking regulators to allow them to invest in “alternative” more speculative ways.
This sounds more than a bit like a gambler in Vegas who is down big making increasingly risky bets in hopes of a big win.
But he’s not gambling with other people’s retirement money.
No Comments »
Leave a Reply
Comments subject to deletion at whim of capricious webmaster. Disagreements are ok. Flames, trolls, and right-wing attacks are not. If your comment doesn't appear immediately, then moderation is on, thus there's no need to re-send it.
(However sometimes the anti-spam programs here go awry. Email us if your comments seem to vanish into the void.)
