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In past fund crises, he said, investors have taken quite a while to dump their shares.
CHALLENGES: Chicago's and Illinois' debt and pension fund crises are lingering issues.
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It has acted before, in the early Nineties and during the 1998 LTCM hedge fund crisis.
The looming pension fund crisis could leave already cash-strapped Americans without a safety net for retirement.
By using such "indignant rhetoric", Nixon had "weakened his own position" when the Fund crisis erupted.
The Mobile Register stated that the Fund crisis "confronted [Nixon] with an unsought opportunity which he made the most of".
Hansen has been through funding crises before.
The main social security fund, the Social Insurance Institute (IKA), is prone to recurrent funding crises.
Moreover, some trainees may be forced out of their current positions earlier than expected due to funding crises.
Will Europe and the U.S. innovate their way out of their pension-fund crises?
First, the funding crisis.
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