Retirement Savings in the Dark
For most of the 20th century, there was a clear wall between working people’s pension funds and the riskier corners of financial markets. This wasn’t accidental—it was the law.
The bailout of Fannie Mae and Freddie Mac that was announced yesterday was predictable. In fact, D&S collective member and frequent blog contributor Larry Peterson was on this story back in early May:
New York Times
Times