Risky pension fund fliers must end

Risky pension fund fliers must end
"The worse news was that a significant part of the difference between Detroit's loss and the average loss appears to have come from investments in local businesses that went belly up. Five such deals alone account for $140 million of the $2 billion-plus in losses. The pension boards' losing gambits include a now-defunct waste injection well in Romulus and an Asian Village restaurant venture that lasted about a year....
Taxpayers can only hold their breath in hopes disaster won't befall them, while insisting that the pension boards clean up their acts."

"Hold our breath"?

Why not address the problem!

The public pension funds need to be reworked!