Aug. 01, 2022
If my understanding is correct, this is outrageous and egregious in the extreme. Rather than these wealthy people\companies taking a loss for a bad bet, they want to rob the pensions of everyday people? This is the sort of thing that could actually provoke civil unrest. If I went bankrupt banks would not have mercy on my assets in a downturn, why shouldn’t member banks have to fire sale theirs too?