Bankers and new accounting rules are emboldening governments to borrow-and-bet their way out of pension problems, a strategy that’s backfired in the past.
…..Bet Big, Then Go Short
Governments that borrow money to fund their pensions often pay less into their pension funds in future years than they’re supposed to. Here’s how the 20 biggest pension bonds deals since 1996 have worked out. Explore the app ….