The gambling credo of doubling down may work for some but I remain fearful for the State of California and the PBGC. See here
Totally irresponsible if you ask me, but if you don't have to pay the price for failure, then what are you really risking? Like those who bought overpriced houses largely with banks money, it was the banks who ended up with the major losses. So too the State & Federal Government.
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