BUSINESS

Taibbi: Wall Street Is Looting Money Meant For America's Public Workers

NEW YORK - OCTOBER 28:  Matt Taibbi attends the Huffington Post 2010 'Game Changers' event at Skylight Studio on October 28,
NEW YORK - OCTOBER 28: Matt Taibbi attends the Huffington Post 2010 'Game Changers' event at Skylight Studio on October 28, 2010 in New York, City. (Photo by Neilson Barnard/Getty Images)

In the final months of 2011, almost two years before the city of Detroit would shock America by declaring bankruptcy in the face of what it claimed were insurmountable pension costs, the state of Rhode Island took bold action to avert what it called its own looming pension crisis.

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