[kiryandil]

LOL! Are CalSTRS and CalPERS still pretending that they’re getting 8 percent returns?

[cgbg]

They “hedged” their risky investments for years with long term treasury securities—at 0.5% interest.

The fund is a total dumpster fire.

Lol.

[flamberge]

LOL! Are CalSTRS and CalPERS still pretending that they’re getting 8 percent returns?

How I wish I could get 8 percent returns.

Hey, I just got an offer to invest in a share of the toll roads in Pennsylvania. A 22% guaranteed return ;) All they want for "investor verification" is my bank account number. What a deal! How can I turn that down?

Err, Ummm, mumble, mumble...