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1 posted on 10/13/2002 10:41:43 AM PDT by Ernest_at_the_Beach
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2 posted on 10/13/2002 10:42:32 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
Asked in an interview whether investments aimed at poor communities were too risky, Angelides pointed to the enthusiasm with which CalPERS and other institutional investors pumped billions into places like Indonesia and Thailand in the late 1990s - investments that in many cases soured. How, he asked, could anyone credibly say an investment in an "emerging" California community was too risky?

Well, that's an interesting point of view. "We can lose money just as easily at home as abroad."

3 posted on 10/13/2002 10:51:28 AM PDT by John Jorsett
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To: Ernest_at_the_Beach
Check this out.

As far as the public employees retirement (PERS) and State Teachers retirement (STRS) systems are concerned, I hope they get what they deserve if they allow their pension funds to be used for quid pro quo payback and risky overseas investments. Maybe then they'll begin to wake up.

Simon may not be exposing the subterranean underground radical leftists' agenda to the electorate as well as we would expect of him but this mold residue must be stopped. If Simon doesn't win I fear California will be lost forever.

5 posted on 10/13/2002 11:20:36 AM PDT by Enough is ENOUGH
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