[artichokegrower]

The California public employees retirement program pulled their money out of the stock market in anticipation of the crash after the Trump election. They lost $1 billion dollars. No problem the employers, the California taxpayers, will make up the shortfall. Same California public employees in charge of the Oroville dam.

[Steely Tom]

Hey no problem, just shift the cost of the loss onto your taxpayers!

They won't mind, they love paying for your crazy decisions!

[x1stcav]

Don’t you love how everything the leftards touch lately has backfired or boomeranged on them?

[hinckley buzzard]

Dumb shitz counted on the market tanking after Trump win. Bad idea.

[Attention Surplus Disorder]

Hahaha, brilliant. And sustainable.

[Ben Hecks]

I have always heard investment experts caution against trying to time your portfolio changes. Some “experts” don’t follow their own advice.

[beethovenfan]

Chief Investment Screw-up.

[fruser1]

https://www.youtube.com/watch?v=AOOs8MaR1YM

[VeniVidiVici]

I’m sure someone will get a bonus

[major-pelham]

California would screw up taking a leak. The damn Soviet Union was better run.

[Calvin Locke]

Did they lose a billion, or simply missed out on a billion in gains?

[vette6387]

Here’s the latest “story” on Calpers. They are just shy of $1 trillion in unfunded liability, which translates into almost $100k per household. I’ll bet the illegals will vamoose back to Beanerland when they find out that they are going to have to pay up, or that those who have the wherewithal to pay the debt refuse to do so which is the more likely scenario.

http://www.breitbart.com/california/2016/12/03/stanford-report-california-public-pension-debt-19-964-4-billion/

[SpaceBar]

CalPERS Chief Investment Officer Ted Eliopoulos...

Must be weird going to work everyday, knowing you're sitting on a financial time-bomb, but are basically paid to shuffle things around and pretend it's all cool and in the black.

[Menehune56]

Glad we left California 20 years ago. Didn’t really want to but we had to follow our jobs. Much happier living now where the west begins.

[piytar]

Weren’t they also involved in the whole “divest” from Isreal idiocy? Know there was pressure from leftiscum for CalPERS to do so. Also think CalPERS bailed on “fossil fuel” investments due to the global warming scam. Then this anti-Trump fiasco.

Oh well. Sucks to be them — and the people who stupidly relied upon these leftscum to protect their futures...

[Retain Mike]

Ah, the benefits of premeditated, sustained delusion. They stand in the toilet with the consequences of their decisions surrounding them, and cheer madly as pull they the handle and spiral downwards.

[ptsal]

The CalPERS cow has mastitis.

Fools let their politics out run their brains.

[libstripper]

ROTFLMAO!!! Soros shorted the market and lost just about as much. Betting one’s bigotry doesn’t always work.

[Gaffer]

Way to go, Sac of BS. The CalPERS CIO makes the wrong bet on the election and lost the opportunity to make near $1B, but the stock market didn’t clutch its pearls and crash with Trump, and YOU act like it’s all Trump’s fault.

The mafia would kill its financial wiseguy for stuff like that.

[dila813]

bias gets in way of wallet