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Friday, January 21, 2011

The political fight to make sure that the pensioners pay

It's true.

Bankruptcy court is dangerous, apparently, so there has to be another avenue.

What's the bet that "other avenue" is stacked? In GOPTea-logic, if someone is going to be welched on, it would be the holders of pension liabilities, the pensioners, not the people who bought the bonds, right?

One does sense the odor of another bailout of the wealthiest, although it is a bit early to say.