Tuesday, September 13, 2011

A snake eating it's own tail.

Saw this news story this morning and was going to write about it. Thankfully this guy already blogged about it.

BREAKING: CalPERS To Become California Governments' Lender of Last Resort

"If you thought Solyndra was a bad government investment, you aren't going to like this report from the Sacramento Bee one bit. Apparently, CalPERS has decided to become the lender of last resort for local governments in California, taking steps today to create an $800 million fund for investment in public works projects."

1 comment:

purplemagpiesnest said...

What a load of shit. Am I glad I cashed out my CalPers benefits when I left a COE job some years back.

Word verification: "doller"

Yeah, no one's got any left. :D