{"id":1607,"date":"2009-03-31T09:51:46","date_gmt":"2009-03-31T13:51:46","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=1607"},"modified":"2009-03-31T10:01:08","modified_gmt":"2009-03-31T14:01:08","slug":"pension-insurer-pbgc-shifted-to-stocks-failing-plans-could-overwhelm-agency","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2009\/03\/31\/pension-insurer-pbgc-shifted-to-stocks-failing-plans-could-overwhelm-agency\/","title":{"rendered":"Pension insurer (PBGC) shifted to stocks; Failing plans could overwhelm agency"},"content":{"rendered":"<p>On 30 March 2009, Michael Kranish (Boston Globe) wrote <a href=\"http:\/\/www.boston.com\/news\/nation\/washington\/articles\/2009\/03\/30\/pension_insurer_shifted_to_stocks\/\">Pension Insurer Shifted to Stocks<\/a>.<\/p>\n<p>This is not good news.<\/p>\n<p>Boston University Finance professor Zvi Bodie, who advised the agency against such a policy, &#8216;questioned why a government entity that is supposed to be insuring pension funds should be investing in stocks and real estate at all. Bodie once likened the agency&#8217;s strategy to a company that insures against hurricane damage and then invests the premiums in beachfront property.&#8217;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 30 March 2009, Michael Kranish (Boston Globe) wrote Pension Insurer Shifted to Stocks. This is not good news. Boston University Finance professor Zvi Bodie, who advised the agency against such a policy, &#8216;questioned why a government entity that is supposed to be insuring pension funds should be investing in stocks and real estate at [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[],"class_list":{"0":"post-1607","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-richardhsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=1607"}],"version-history":[{"count":6,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1607\/revisions"}],"predecessor-version":[{"id":1613,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1607\/revisions\/1613"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=1607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=1607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=1607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}