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Guest Column: Pension fund of precipice of destruction

St. Augustine Record
Date Published: 
Sunday, August 14, 2016

Few people realize a pension crisis is looming. It’s the aftershock of the 2008 market collapse. Pension funds managed by unscrupulous Wall Street Banks held the worthless real estate investments that took the markets down further than most of us had previously seen in our lifetimes. The “investments” wiped out many billions in pension funds forever.