Pension obligation bonds contributed to the chapter 9 bankruptcies of Detroit, Stockton, Calif., and San Bernardino, Calif. Nonetheless, expanding bubbled have lured government bodies into repeating past mistakes, this time at a new record pace.Hooray! We broke the pace of 2008. Main Street Pensions Take Wall Street GamblePlease consider Main Street Pensions Take Wall Street Gamble State … Continue reading Bad Ideas Tried Again: Pension Plans Borrow Money at a Record Pace to Invest