Saturday 27 January 2018

Illinois Ponders Pension-Fund Moonshot: a $107 Billion Bond Sale

Lawmakers in Illinois are so desperate to shore up the state's massively underfunded retirement system that they're willing to entertain an eye-popping wager: Borrowing $107 billion and letting it ride in the financial markets.

from Bloomberg http://ift.tt/2DRnNhw

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