This why The Bernank has got to keep the market rising. If he doesn’t, these pension funds will implode.
Yep....and multiplied by the no. of state/fed/county/local govts. in the country ......forced “bailout” 08. Who was invested in MBS in 08? In the market 08?
Artificial propping. For who’s products are really: 1. clearing the shelves now, and 2. at todays prices?