Tuesday, April 6, 2010

IN REAL NEWS : Automaker Pensions Underfunded by $17 Billion

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

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



Let's get back to the real news folks, don't be fooled, the problem has not been fixed, temporary bandaid