Wall Street pushing to renew lending program for government pensions is getting big state support | Democracy, elections and voting at Democracy Chronicles

This story was co-published with the Washington Post. If there were ever a time not to bet the moon on the stock and bond markets, it’s now, with U.S. stocks at near-record highs and interest rates on quality bonds at near-record lows. But Wall Street is urging state and local governments to do just that —…