I can't reply to the previous post now, but the 'bailout' to Central States Pension Fund. $36b to deal with a pension fund serving 350k people. Yes, seems high. Yes, was an 'unusual' move, done during 2021 - height of covid. Why did CSPF need assistance? It never quite recovered from 2008 financial crisis - banks and other companies got 'bailouts' but not CSPF. Massive economic turmoil during 2020/2021 because of covid impacted the fund further.
Might have been other or better ways of trying to address this (and many other covid issues). But we got what we got.
mgkimsal|7 months ago
Might have been other or better ways of trying to address this (and many other covid issues). But we got what we got.
ETH_start|7 months ago
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sorcerer-mar|7 months ago
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