Pension fund fraud -- sounds like Cincinnati to us!
Finally the Securities and Exchange Commission has come down on a fraudulently-run pension system, in this case the Illinois state pension system, a Ponzi scheme on the magnitude of that run by Bernie Madoff.
But what about Cincinnati's system, more than $700 million in the hole, and annually under-funded.
The bills will come due, someday, ladies and gentlemen. And we will get to pay them!