Sunday, August 15, 2010

CalPers, Villalobos, CIM and Riordan

Riddle me this, ex-Mayor Richard Riordan appointed Mr. Villalobos as a Deputy Mayor. Mr. Villalobos had to leave after 6 months. Mr. Villalobos sat on CalPers board and then left, after leaving he began pitching investments to them. He pitched an investment in CIM Group which is funded by CalPers and Lacers. After losing millions for the pension funds he received tens of millions.

Now here is the tricky question. Mr. Riordan is now saying that the pension funds need to be cut for City employees. They need to be cut because he put crooks on our pension boards, how come he doesn't discuss the hundreds of millions lost because of his poor choices? And don't forget Mr. Broidy of CIM pleaded guilty to bribery of public officials in New York. Hope they all go to jail, it is coming and they cannot run from it or hide it anymore. I told you, all lies eventually show themselves because neither life nor the truth can be held back forever.

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