When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, May 19, 2011

States of Denial

There's only one way to describe this situation--"States of Denial." Meredith Whitney: The Hidden State Financial Crisis - WSJ.com .  24/7 Wall St. compiled a list of The Ten States Where Pensions Are Running Out of Money based on state pensions that are underfunded and which have a shortfall of the 2009 recommended level--the states in the worst trouble:

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  1. Kentucky
  2. Illinois
  3. New Hampshire
  4. New Jersey
  5. Oklahoma
  6. Kansas
  7. Massachusetts
  8. Colorado
  9. Maryland
  10. Pennsylvania

The Big Picture

Financial Crisis - The Telegraph

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Craig Newmark - craigconnects