Let's hear it for Pension Abuse

The Los Angeles Times had the following to say, "Los Angeles Mayor Antonio Villaraigosa has grown increasingly bold — some say too aggressive — in his attempts to influence panels that guide the city's huge retirement funds."

Los Angeles Times - Villaraigosa puts teeth into his stand on pension funds

You should read the article, as always; but, here is the short. The Mayor appoints the majority of the people to the Pension Board, now mind you this is not City money, it is a trust fund. In the past the Mayor has appointed all sort of people to the Boards including the since convicted Elliot Broidy. Thes same Boards have lost millions and millions in "alternative investments".

The Los Angeles Times article said that a couple of Board members were removed for voting against the Mayor. This is an easy, if the Mayor's members vote on bad ideas, lose additional millions and are found guilty of anything then he has violated the trust and should be charged with such.

This is exactly the type of thing that is bothering both the Tea Party and the people of the Occupy movement. I hope everyone on the City Hall lawn reads about it.