University of Chicago Nobel Prize Winner Eugene Fama on Illinois bonds
“In the short term, they’re OK. In the long term, I wouldn’t touch them. The [state’s] pension liability is much worse than [the reported $100 billion that] people think.” http://illinoisreview.typepad.com/illinoisreview/2013/12/university-of-chicago-nobel-prize-winner-eugene-fama-on-illinois-bonds.html