While America Aged: How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis
Rating
The Pequod Review:
Roger Lowenstein turns his intelligent eye toward the American private pension system, and the expensive promises made to workers and labor unions. I loved his earlier books on Warren Buffett and Long-Term Capital Management, but in this case his subject is too broad, his conclusions are unsupported, and most of his dire predictions have not (yet) come pass.