I had to laugh at the article on how Illinois is suing a Kentucky company against "a pyramid scheme," aka Ponzi. Investors lost as much as $249. So is the state going to sue itself for its own Ponzi scheme, otherwise known as public pensions?
Let's see: Early recipients get the best returns, later ones get theirs nudged back, followed by even later ones who see the rules lengthen or change for the worse, possibly even pension bankruptcy?
Was Bernie Madoff the architect of our state's pension system?
Nope, it was our dear Illinois politicians and the top public labor union bosses who conspired to devise a system that would eventually fall on its own weight, leaving the younger workers and us taxpayers with less and yet paying more. Kick the can down the road. Thanks!