Wednesday, January 19, 2011

Fools who believe politicians

SAN FRANCISCO — Unsecured creditors will receive 5 cents to 20 cents on the dollar for their claims under a reorganization plan Vallejo, Calif., filed Tuesday in federal court.
Bond Buyer.

Who are some of these fools? Many of them public pension funds, borrowing bonds that back other pension funds!.

Whoops.

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