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Monday, February 16, 2026

Taxpayers’ $36 Billion Pension-Fund Bailout Comes With One Thin String Attached

Here’s how a government bailout usually works: In exchange for a boatload of taxpayer cash, the recipients show up in front of a camera to express an appropriate amount of remorse, agree to change the way they do business, and occasionally even promise to pay the money back. It’s a script familiar …

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