THREE WAYS TO “FIX” GOVERNMENT
Three recent news stories illustrate why, to those not drawing a check from taxpayers, government has become about as popular of a swarm of mosquitos carrying the Zika virus.
Story number one tells how a firm owned by the late Alfred Villalobos will pay the state of California $20 million to settle charges of bribing officials of the California Public Employees Retirement System.
Before his death from a self-inflicted gunshot wound, Villalobos pled guilty to bribing CalPERS officials to make investments through him, which allowed him to earn about $50 million in commissions. The former CalPERS CEO Fred Buenrostro also pleaded guilty to criminal charges for accepting bribes. For Villalobos, the “fix” was literally in.
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