...pray I don't alter it any further...
Quickly:
Do the holders of TIPS securities have an action in law or equity given a change in the CPI?
Answer: The holders bear the risk of any re-working (typically the "re-worked" CPI shows less inflation). Accepted business practice has held this, especially given the fact the CPI is used for a variety of different calculations. Presumably, the Government would not change the definition to benefit one class of investors over another.
This is just a friendly reminder that RULES can be changed MID-GAME. This is one of the fundamental laws of Power. And it behooves all investors to contemplate what RULES may be altered by whose Power, and the reliability of available remedies.
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