How California's Unfunded Pension Liabilities Could Lead to Bankruptcy | Sen. John Moorlach
Are many cities in California potentially facing bankruptcy?
My guest today is California State Senator John Moorlach.
In 1994, he predicted the largest municipal bond portfolio loss and bankruptcy in U.S. history.
He will discuss with us the severity of unfunded pension liabilities in California, the consequences of not addressing them, and if it’s possible for the state to recover at a time when special interests play a big role in funding elections.
Welcome to California Insider.
#PensionTimeBomb #CityBankruptcy #FinancialMismanagement
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