Tuesday, September 18, 2012

Pension Bonds 101 from a Nobel Laureate

A friend sends me this educational pension bond video created by William F. Sharpe, 1990 Nobel Prize winner in economics, and Professor Emeritus at Stanford.
Too bad the City of Stockton didn't take Pension Bonds 101 from Professor Sharpe rather than Lehman Brothers. He is both more entertaining and accurate.