California charges former pension officials with fraud
California's attorney general is suing two former officials from Calpers, the nation's largest public pension fund, alleging that they took kickbacks in exchange for a piece of the fund's lucrative investment portfolio.
Why is the State of California upset that the managers of a public pension fund were working towards their retirement plan?
These two men were simply doing what they were paid to do. Planning their retirement. Of course they were not as careful as most politicians are in concealing their criminal activity when acting against the best interest of the people they were supposed to be serving. But isn't that what all politicians do? Accept bribes and payoffs to do the work of special interest groups against the interest of the voters who elected them. So they are being unfairly penalized for doing what comes naturally to the political crowd they work for.
But there is no need to worry. I am sure there are plenty of convicted white collar criminals in prison and unconvicted criminals in politics who could easily put forth the same amount of care and due diligence as this dynamic duo did. So their jobs and bribes are not in any danger.
In fact, I am looking forward to this level of care and concern from the Health Care Deform fraud that the fraud-in-chief has perpetrated on the American public.
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