Posted on 03/07/2003 9:56:00 AM PST by NormsRevenge
Edited on 04/13/2004 3:30:34 AM PDT by Jim Robinson. [history]
California Treasurer Phil Angelides called Thursday for the state's two huge pension funds to combine forces in what he calls a ``war'' to clean up corporate wrongdoing and re-establish faith in the financial markets.
His goal is to form a single unit that would press for corporate reforms, conduct investigations and scrutinize corporate activities for both the $133 billion Public Employees' Retirement System and the $90 billion State Teachers' Retirement System.
(Excerpt) Read more at bayarea.com ...
California Treasurer Phil Angelides called Thursday for the state's two huge pension funds to combine forces in what he calls a ``war'' to clean up corporate wrongdoing and re-establish faith in the financial markets.
Angelides is launching his run for Governor!
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More nanny-state nonsense.
Privatization would likely make these funds more atrractive investment vehicles, hence enhancing their value overall.
The reality is that government functions 100% through vote buying, and that politics is 100% vote selling. This is more immoral than the outright fraud Enron practiced.
An example of the utopian ideologues that have gained a stranglehold on California.
Gray Davis doesn't hold a candel to this group.
If Republicans don't feel they can achieve victory in California then they ought to thank their lucky stars that Davis is there to counter this group of liberal, fanatic, elected, public cadre that lie just beneath the echlons of visible power in California.
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