Richard Fisher, President of the Dallas Federal bank - $99 trillion hole?


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What is this and has he done his sums right and is it being fixed and should we be worried? ~~~~ 'Richard Fisher, president of the Dallas Federal Reserve Bank, has been running a fervent campaign to alert Americans to the "very big hole" in unfunded pension and health-care liabilities built up by...


Banks in Fishers, IN



Answer (1):

Jim M

It sounds like an exaggeration. They will cut back on our baby boomer benefits to sharply reduce that liability.