http://www.zerohedge.com/article/ron-paul-us-government-must-admit-it-bankrupt
Ron Paul: “The U.S. Government Must Admit It Is Bankrupt”
The SEC investigates after the fact usually and it is a political agency. The lower level workers at the SEC and mid level are usually diligent but the top management are usually political hacks.
Calipers has been a piggy bank for liberals and union bosses in CA for at leats 2 deacdes.
Well, public pension funds are union dominated, so I am quite surprised to see a possibility that they might be investigated. Hopefully CALPERS serves as a poster child for the need for proper disclosure at least as stringent as for a private sector pension or retirement fund.