DETROIT - The pension plans at General Motors and Chrysler are underfunded by a total of $17 billion and could fail if the automakers do not return to profitability, according to a government report released Tuesday
http://www.nytimes.com/2010/04/07/business/07cars.html
Uh oh.
Analysis of California Pensions Finds Half-Trillion-Dollar Gap
An independent analysis of California’s three big pension funds has found a hidden shortfall of more than half a trillion dollars, several times the amount reported by the funds and more than six times the value of the state’s outstanding bonds
http://www.nytimes.com/2010/04/07/business/07pension.html
Eek!
Let's get back to the real news folks, don't be fooled, the problem has not been fixed, temporary bandaid
