Sunday, October 24, 2010

CIM, CalPers and Villalobos

The article from the Sacramento Bee shows how absolutely crooked CalPers continues to be. Why is CIM Group doing business with any government agencies when it is funded by government pensions? CalPers hired a Washington lawyer who, in regards to the millions and millions that Jerry Brown says was fraud, the lawyer says, "Hopefully, we know all there is to know about these matters, and this puts all of them to rest".

What sort of nonsense is this jerk saying. Hundreds of millions of dollars are missing from the pension fund because of these people. How does CIM cutting their fees change anything about what happened or about the $150 million paid to Villalobos? The money that was "lost" far exceeds anything paid to Ratso Rizzo in Bell, how come less of an issue is made of it?

Back from my sisters

Hi all. I am back and looking forward to posting later this week. Be well.