Tag "Rob Feckner"
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State treasurer seeks probe of CalPERS CEO
A rowdy, muckraking financial blog that has repeatedly raised later-corroborated concerns about how the California Public Employees’ Retirement System operates has gotten traction with one of its new allegations. The Naked Capitalism blog’s report that CalPERS CEO Marcie Frost had
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CalPERS critic makes runoff for CalPERS board
The underfunded California Public Employees’ Retirement System faces daunting challenges in coming years, with local governments increasingly vocal about not being able to afford the ever-growing cost of their CalPERS-managed pension programs, as CalWatchdog reported July 20. The nation’s largest
Read MoreCA public sector: Laws? We don’t need no stinking laws
May 12, 2013 By Chris Reed In the private sector, there are all kinds of laws that govern employment, conduct, conflict of interest and appropriate use of shareholder funds. They may not always be enforced, but in the best-run companies,
Read MoreCalifornia government as organized looting, chapter 237
April 5, 2013 By Chris Reed The longer I’ve lived in California, the more governance here seems to resemble organized looting of taxpayers. It’s not just the showy and ridiculous things, like the longtime president of the CalPERS governing board
Read MoreCA Dem lawmakers figuring out something rotten in CalPERS
March 19, 2013 By Chris Reed On Monday, the day that finally saw criminal charges filed over CalPERS’ brazen pay-to-play bribery scheme, there were signs that some Democratic state lawmakers finally are figuring out that believing California’s pension status quo
Read MoreSpecial Series: Bond Holders Seek Governmental Transparency
Editor’s Note: This is the fourth in a CalWatchDog.com Special Series of 12 in-depth articles on municipal bankruptcy. MARCH 20, 2012 By DAVE ROBERTS Once upon a time buying a municipal bond was considered a safe bet. A decent rate
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