Tuesday, December 27, 2011
"Portugal Is Latest Country To Go "MF Global", Raid Pensions Funds To Delay Fiscal Death"
This should give all of us something to think about...
Tyler Durden tells about this at ZeroHedge.com:
"the Telegraph writes: 'Portugal has raided €5.6bn (£4.8bn) of pension fund assets in a controversial scramble to meet its deficit targets.' And since the money is once again implicitly and explicitly used to patch broken fiscal models, it is as good as gone."
