Using pension bonds to remedy long-term underfunding makes me squeamish enough already. Trying to remedy short-term cash shortfalls? That’s a risky gambit.
Forbes post, “Chicago Is Considering Issuing A Pension Bond – And Taking A Gamble”
Using pension bonds to remedy long-term underfunding makes me squeamish enough already. Trying to remedy short-term cash shortfalls? That’s a risky gambit.