Posted on 05/26/2002 11:52:03 AM PDT by GeneD
Edited on 04/13/2004 2:40:20 AM PDT by Jim Robinson. [history]
The California Public Employees Pension System steered $700 million in investment capital to a wealthy financier who has donated more than $600,000 to Gov. Gray Davis and thousands more to officials who serve on the CalPERS board, according to state records.
(Excerpt) Read more at sfgate.com ...
Herr Davis's special treatment in Phase one is based on campaign contributions, and the corporations mouthing mantras from the big hitters in the Rat party. To be a prime Phase One corporation, you just have to donate and appear to be in bed with the Rats/Davis.
Nice summation, Larry. We need more of your great input on the finance threads I continually
post along with ernest, gramps, rohry and d14 truth. Hope you won't mind being on my ping list.
The question is: can a disbarred lawyer (Clinton) work in the finance business in Cali?
Great insights, Grampa. Fascism or Socialism, it doesn't really matter which way it goes for the ruling elite. They just want the economy controlled by the "educated elite." They have already lined up the media, intellectuals and foundations. All the furor about "unfettered capitalism" will be solved in these bureaucrats dreams by government control of the economy...
I'm adding you to my financial issues bumplist, OK?
We used to be acquainted with a very liberal couple. She worked for Social Security, he was a "house husband." One day I was ranting about government taking our money and she perked up and stated that, "we don't take any money from anyone, we just give it to people that need it." She also revealed that her retirement fund was not SS!
PS-They lived in Vermont. The home of Jumpin' Jim Jeffords!
Liz: "The question is: can a disbarred lawyer (Clinton) work in the finance business in Cali?"
When Clinton was in the thick of his trouble, I remember the ABA or some group changing the rules. A non-lawyer could be a partner in a law firm. Or something like that. Whatever it was, it was done to benefit Clinton if he lost his license, that was clear. Don't know if it would apply to finance but it might.
"Now, the roving ambassador of cash has been hired as a "senior adviser" at two investment funds that specialize in "lower-income urban and rural communities."
The funds, the Yucaipa American Fund and the Yucaipa Corporate Initiatives Fund were founded by Ronald W. Burkle. Clinton has been chummy with Burkle for some time, to the extent that he has often stayed at Burkle's grand-scale home.
Burkle was one of Ron Brown's tradegate buddies, traveling on the shake-'em-down trade missions that Brown was noted for, Burkle is also a managing trustee of the Democratic National Committee - a title bestowed upon party producers who have raised $200,000 or more for the Democrat party.
Yucaipa has already formed a "partnership" with the Golden State's, oh so politically correct, California's Public Employment Retirement System [CALPERS] which has bellied up to the bar to the tune of $200 million. All of which is California State employee's pension money and all of it going to a company with absolutely no investment track record.
Where CALPERS' zealotry ends and its fiduciary responsibility begins is anyone's guess at this point.
The Yucaipa strategy of using Democrat party shills like Clinton to channel additonal money from public employee pension and similar holdings into their own pockets is sinister but par for the course with this bunch.
That Clinton apparently has no reservations whatsoever - in the face of his party's repeated castigation of the Republican's alleged lack of concern over Social Security pension funds - that his newest meal ticket may help deprive state workers of similar retirement opportunities - is also not surprising."
Ron Burkle Getty Trustee profile
"Barry Munitz, president and chief executive officer of the J. Paul Getty Trust, said, "Ron joins a strong board committed to advancing the Getty's educational and philanthropic mission in innovative ways. Personally, I value Ron's candor and bold vision, and his gift for forging unexpected alliances in both the business and nonprofit worlds.""
Barry Munitz name rings a bell. School-to-work(STW) Education???
Yup ... also S&L scandals, etc.
Search under my name, or Glynn Custred's on Google and you can find the old research...
Richard Ferrier
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