Gotta read this. Lotta folks been cheating for decades!-----Is The Fed About To Destroy America? in [Market-Ticker]

Is The Fed About To Destroy America? in [Market-Ticker]]

"...The rumored reason is that Credit Suisse may be in trouble -- specifically due to writing interest rate swaps, along with a number of other institutions which happens to include pension funds both in the UK and US, none of whom should ever be playing with levered instruments for the simple reason that leverage is everywhere and always speculative.

• But of course they are because nobody has ever gone to prison for using leverage as a means to evade requiring the underlying organization to fund pensions adequately with actual money...
• This sort of act is a ridiculous violation of anything approaching fiduciary responsibility -- which is a legal obligation for pension managers, not a suggestion. 
•  After all its not their money -- its the pensioners' money and they are charged with prudent management of same, which the use of leverage, especially leverage on a trend 40 years old that cannot reasonably go below zero, is the exact opposite of "prudent."...