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Choices Have Consequences: Pension Obligation BondsSTUMP |
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May 5, 2023 On-Demand Podcast |
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A look back at why pension obligation bonds were pursued by public pension plans, whether they were a good idea, and specifically what makes them OF THE DEVIL (and what that means). To be sure, with increasing interest rates right now, POB deals will be few and far between. This podcast takes a snapshot of why POBs are not ONE CLEVER TRICK for solving public pension plan problems. They’re more a way to make a bad situation worse. |