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>> MOODY'S Latest News

MAR 11, 2013 - Zero Hedge

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The Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural Underfunding"

The topic of Illinois' various insolvent pension systems is not news to regular Zero Hedge readers. One needs but to recall our articles from mid/late 2010: "61% Underfunded Illinois Teachers Pension Fund Goes For Broke, Becomes Next AIG-In-Waiting By Selling Billions In CDS", "Illinois' Pension Fund Death Spiral Revisited: "10 Years Of Money Left" or "Illinois Teachers' Retirement System Enters The Death Spiral: AIG Wannabe's Go-For-Broke Strategy Fails As Pension Fund Begins Liquidations" in which we clearly explained how the state's teachers pension fund was systematically doing ... Read More

Tags: The Last Laugh: Illinois Pension System Charged For Not Disclosing "Structural Underfunding",  Moody's Latest News