Monday, January 04, 2010

Feds probe Detroit's pensions

Feds probe Detroit's pensions
"U.S. probe into pension funds connects to City Hall scandals

An investment adviser who vetted deals that cost Detroit's public pensions $90 million.
A former city pension trustee accused of soliciting bribes.

Middlemen paid by businesses seeking millions in Detroit pension funds.

These developments, among others, have prompted federal authorities to investigate the dealings of the city's pensions -- one for the police and fire departments, another for general city workers"

And guess who pays if there ain't enought to pay the Detroit pensioneers?

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