2/25/11 - LA TIMES CONFIRMS WHAT ZUMA DOGG HAS BEEN SAYING ABOUT EFFECT OF PENSION LOSSES ON WALL ST: "Day of reckoning on pensions." - The housing bubble and subsequent Wall Street collapse wreaked havoc on the nation's retirement savings, as many pension funds and 401(k) plans suffered losses of 30% or more. State and local governments are now facing huge unfunded pension liabilities, prompting policymakers to scramble for ways to close the gap without slashing payrolls and services.

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