Pension Bond “Halloween” Madness: Alaska to Borrow Money from Asia at 4%, Hoping for 8% Returns | MishTalk
"All I need is one more stake, the next horse will win big, I know it will! The gamblers optimism may be contagious, but usually ends more like a contagion. Good luck Alaska.
Pension funds, whether state, or private are in dire straits throughout the country. The solution is reform, and haircuts, not big gambles like this.