Video Library

America’s Broken Retirement Plans and Pension System: Another “Gift” From Wall Street

William Lerach

Date: 10/26/2010
Duration: 0:58
Description:
William Lerach discussed his perspectives on the relationship between
the deregulation of our financial markets and several wealth destruction
events that resulted in massive losses to the nation’s public, private
and individual pension systems and plans. These losses have gravely
impaired the finances of these retirement plans — leaving many of them,
he argued, with unfunded obligations that are so pervasive that they
now constitute a major threat to the financial future of our country.
Mr. Lerach also discussed what, if anything, he believes can be done to
avoid or ameliorate the crisis that would arise from the financial
collapse of our pension systems.

Sponsor: Berkeley Center for Law and Business