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It has acted before, in the early Nineties and during the 1998 LTCM hedge fund crisis.
It was precisely such "holistic" — rather, "hole-istic" — thinking that produced the pension fund crisis in the first place.
Ike had let his young, tainted Vice-Presidential President candidate twist in the wind during the Fund Crisis, while he himself remained aloof.
As Nixon explained, the fund crisis taught him that "it isn't what the facts are but what they appear to be that counts when you are under fire".
He added there had been "real progress" with the pension regulator towards a solution to the BHS pension fund crisis but stressed he was under "no legal liability".
But the two men's relationship after the fund crisis had a dozen shifting dimensions, each of them now done narrative and analytical justice by Jeffrey Frank in "Ike and Dick: Portrait of a Strange Political Marriage" (Simon & Schuster).
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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.
The Long-Term Capital Management hedge-fund crisis of 1998 is another example, closer to home.
Roger Lowenstein, in his article on the public-pension-fund crisis, ignores a key piece of the math.
First, the funding crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com