Fred Buenrostro, a former CEO of the California Public Employees’ Retirement System (CalPERS), plead guilty in federal court last week to conspiracy to commit bribery and fraud. Buenrostro was the CEO of CalPERs from 2002 to 2008 and admitted to engaging in numerous corrupt and illegal activities while managing the second largest pension fund in America with an investment portfolio worth $291 billion.
|By: DSWright Friday July 18, 2014 11:19 am|
|By: DSWright Tuesday April 2, 2013 12:10 pm|
Can cities go bankrupt? Apparently or so a federal judge ruled yesterday. The city’s creditors, of which there are many, fought against the move but to no avail.
|By: fatster Tuesday April 24, 2012 6:30 am|
Our news roundup continues with selected stories and links from April 23, 2012, about, swaps regulation, CalPERS, Argentina oil seizure, Brazil, labor strikes, Supreme Court.rent control, Tim Geithner, Jim Crow, People’s Park, nuclear power and more.
|By: Jon Walker Monday December 28, 2009 7:15 pm|
Almost all evidence points to the simple conclusion that the new health insurance market places in the Senate bill called “exchanges” will not slow the out-of-control increase in health care costs.