Bill Mitchell – Bank of England announces end to propping up corporate greed – sort of!

The reality is that the pension funds need to be reined in and forced to withdraw from their ‘greed’ positions and to get back to ensuring they have sufficient assets and commensurate returns to cover their liabilities.

If the Bank of England maintained what was effectively a bailout for these funds then you can guess what the funds would continue to do.

Yes – pursue greed and management excesses.

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