WSJ: David Crane — Dow 28,000,000: The Unbelievable Expectations of California’s Pension System
This appears in today’s online Wall Street Journal… (An entirely separate question, after reading this, is how Crane could be a major donor to the Gubernatorial campaign of Jerry Brown… But that is for another day…) Dow 28,000,000: The Unbelievable Expectations of California’s Pension System Because Calpers failed to disclose pension costs and liabilities 10 years ago, taxpayers will be on the hook for hundreds of billions. By DAVID CRANE In 1999 then California Governor Gray Davis signed into law a bill that represented the largest issuance of non-voter-approved debt… Read More