September 23, 2013

HOW DID I MISS THIS? Poland Confiscates Half Of Private Pension Funds To “Cut” Sovereign Debt Load.

Here’s a Reuters story. Key bit: “The Polish pension funds’ organisation said the changes may be unconstitutional because the government is taking private assets away from them without offering any compensation.” You think? I hope that if anyone even tried this here, the responsible government bureaucrats would be — literally, not metaphorically — swinging from the lampposts by the next day.

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