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by supplied_demand 1y ago
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- mgkimsal 1y agoI 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.
- ETH_start 1y ago[flagged]
- sorcerer-mar 1y ago[flagged]
- ETH_start 1y ago[flagged]
- sorcerer-mar 1y ago[flagged]
- dang 1y agoWe've banned this account for using HN primarily for political battle and repeatedly breaking the site guidelines. If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html.
- dang 1y agoWe've banned this account for using HN primarily for political battle and repeatedly breaking the site guidelines. If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html.