U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 10-23-2009, 02:08 PM
Location: MI
333 posts, read 1,097,098 times
Reputation: 168


They are too big to fail, backstopped by taxpayer, and they act like it

Fun fact, in LA the potential exists that in half a decade 1 in every 3 dollars of revenue will go to support pensions. Leaving 2/3rds for everything else. Nice.

Fund My Mutual Fund: CALPERS (California Pension Plan) - Too Big to Fail, and Acting Like It
Reply With Quote Quick reply to this message

Old 10-23-2009, 03:01 PM
Location: Northern California
3,681 posts, read 13,159,080 times
Reputation: 1835
I wish I was with Calpers. When they take a loss in the stock market, derivitives, credit default swaps or whatever, the taxpayers make up the loss. They don't really have any incentive to make prudent investments when they know the taxpayers will bail them out and make them whole again. When your 401k takes a hit, you're stuck with the loss.
Reply With Quote Quick reply to this message
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Loading data...
Based on 2000-2016 data
Loading data...

Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top