"Federal Lending to Insolvent Pension Plans Is Code for Bailout"

I think this is the way they're all going to go: union pension funds, state pension funds, city pension funds, what have you. They will ask the federal government to bail them out and there will be at least an attempt to do so, probably with this a model. Label it something else, but like a rose by another name would smell as sweet, a bailout by whatever name you give it will still stink.