[whitedog57]

Found this on Zero Hedge. If Obama's refi plans work, it will cost investors up to 10% and could cost almost $1 trillion. So, you better HOPE it is ineffective!

[goodnesswins]

Oh, great...pension funds are mostly in holes right now, so let’s go dig a bigger one! Or, maybe the bureaucrats figure the taxpayers in the states will be found to be legally required to backfill those pension promises????