Tuesday, February 14, 2012

Pimco: $25 Billion Foreclosure Deal to Hit Pensions Harder Than Banks

The bottom line here is once again the banks are being bailed out on the backs of the taxpayers. To add insult to injury the taxpayers that had the foresight to save for their retirement will now get pounded by losses incurred by their pension, IRA's and 401-k plans.


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