One has to ask whether getting the central bank involved with the pension mess is a good idea. Ned just concerned a market conclusion group, I hear. Roger Farmer likes the idea, corporations are more efficient than government.
Ned cannot get clue, the slugging will continue until moral improves. The problem is all eyes are focused on what the mark to market will be on pension costs, another reason for the collusion, end of the year accounting. Investors would be especially nervous with Gavin in the hot seat, and Calpers being ion the edge of gigantic in market weight. California has suddenly become the point of uncertainty, especially the South.
No one wants to bring back a 127 year old Jerry to convene the board of elders.
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