THE PLANK JULY 23, 2009
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Simon Johnson, professor at MIT's Sloan School of Management, senior fellow at the Peterson Institute for International Economics, and co-founder of BaselineScenario.com, breaks down the federal government's announcement that it will take over the pension plans of the Delphi Corporation, arguing that unfortunately, there's little else the government can do.
--Ben Eisler
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3 comments
I cannot even bear to listen to this, but if we are going to permit private pension plans, then they must be fully funded plans at all times or they must be defined contribution plans. Even better, they should all be managed as fully-funded plans by what amount to insurance companies that do nothing else but combine the assets of many plans. Then they are going to earn a market rate of return as nothing else is possible for large sums of money by definition. And that's it.
- roidubouloi
July 23, 2009 at 9:28pm
Last week, an all-out rumble erupted in South Korea's National Assembly as a bill to privatize the
- Anonymous
July 28, 2009 at 1:25pm
Simon Johnson , professor at MIT's Sloan School of Management, senior fellow at the Peterson Institute
- Anonymous
July 30, 2009 at 3:54pm