Comments on: CalPERS reveals its true colors

By: Marlene Meadows

Marlene Meadows — Fri, 16 Nov 2012 18:45:24 +0000

So sorry if I used your site in error. I decided to try one more time and this time I did get it resolved. Thank You.

By: Marlene Meadows

Marlene Meadows — Fri, 16 Nov 2012 18:28:12 +0000

You may not be the place to ask this but I can’t seem to resolve this on my own. I called cal-pers on Nov. 14,2012. They message was there was a 2 hour wait. I took my changes and held for 40min still waiting that was long enough so I hungup. I called back that afternoon and waited another 40min. Still waiting so I hungup. I then called the administer’s office and asked to speak to the Director. The lady,Sylvia, answered and said she would take a message and have some get back to me. I received no call from them as of Nov.16,2012. I called back today, Nov.16,2012, a lady answered I asked for Sylvia she stated that Sylvia was away from the desk. She then transfered me to customer service where I had to hold again. I hung up and called back to get Sylvia, but an answering machine came on. What is going on there this is terrible customer service. Can you help me with this?

By: SkippingDog

SkippingDog — Tue, 14 Aug 2012 04:12:42 +0000

Calpers has lots of litigation money and will be using the best bankruptcy firms in the nation, so it will be interesting to see how this plays out. Even a decision from the bankruptcy court can be appealed to the Article 3 District Court and further if necessary.

The bond company is just posturing at this point, as is the bankruptcy Judge whose job it is to bang heads together and get a settlement and workout plan in place.

By: rightwinger

rightwinger — Mon, 13 Aug 2012 21:42:32 +0000

I hope the bond insurers stick to their fight against CALPERS. Someone needs to stand up to this corrupt union loving garbage can! It amazes me why anyone would even invest in any muni bond or pension obligation bond.. there is no real financial information that an investor could use to make an educated descision on if it is a good investment or not… I would say NOT… so bondholders will just keep getting “stiffed” one way or another…either when cities and municipalities go belly up and they get a few cents back on their investment dollars or when the whole market drys up and no one buys. If CALPERS continues down this path soon there will be no public sector workers as there will be no services to keep the ponzi scheme going. I would love to see that!!!

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Mon, 13 Aug 2012 00:43:38 +0000

It is confirmed, Teddy has more gimmicks than late night infomercials 😉

By: Donkey

Donkey — Sun, 12 Aug 2012 21:13:53 +0000

Sure have Rex!! 😉

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Sun, 12 Aug 2012 19:39:51 +0000

Hey Donk hvae you noticed that since Teddy has been on vacation his sock puppets-Uhaul and Queeg- have also been on vacation!!!!!!!!

By: Donkey

Donkey — Sun, 12 Aug 2012 12:04:54 +0000

Rex@ #7, great post buddy!! Good Dog!! 🙂

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Sat, 11 Aug 2012 19:28:54 +0000

Speaking of sock puppets, Teddy must have taken Uhaul and Queeg on vacation with him 🙂

By: Rex The Wonder Dog!

Rex The Wonder Dog! — Sat, 11 Aug 2012 02:36:23 +0000

This is what have been saying the last 5 years about state pensions and BK law;

That would seem to undercut any CalPERS and Stockton argument that Stockton is not permitted to reduce its contractual obligation to CalPERS — especially because Klein goes on to tackle >>>**the question of whether state law prevails over federal law in Chapter 9. It does not**,<<< the judge said flatly. "The federal bankruptcy power also, by operation of the Supremacy Clause, trumps the similar contracts clause in the California state constitution," he said. "In sum, even if the plaintiffs' benefits are vested property interests, the shield of the Contracts Clause crumbles in the bankruptcy arena."

http://newsandinsight.thomsonreuters.com/Legal/News/2012/08_-_August/Federalism_fight_in_Stockton_s_Chapter_9/

BAM!!!!!!!!!!!!!!!!!!! Teddy and the Sock Puppets (Queeg and Uhaul) out for the 10 count!!