If Jon Corzine thought pension obligation bonds were 'the worst investment idea in the world' then how could anyone else possibly think they are a good solution to unfunded pension liabilities? Steve Malanga discussed the pension crisis and the terrible ideas that are being used to "fix" the problems in cities and states across the country on Fox Business Network's "Varney & co." yesterday. As the segment wrapped up, Stuart Varney paid Steve a compliment noting "You know more about this than most people, I do believe."
Watch the segment below to see why Stuart is so impressed with him.
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