Showing posts with label pension debt. Show all posts
Showing posts with label pension debt. Show all posts

Wednesday, November 28, 2012

Calpers triggers legal fight with bankrupt San Bernardino over pension debt

Good luck with that.  CalPERS is suing a bankrupt San Bernardino to recoup millions in halted pension payments.  Um, San Bernardino filed for bankruptcy--they're broke, but I'm sure Wall Street bankers will try to squeeze blood from a turnip.

http://www.reuters.com/article/2012/11/28/us-usa-debt-sanbernardino-idUSBRE8AR09120121128