Developing Affordable Housing Ecosystems World Wide
By:David A. Smith As the battle over insolvent cities heats up, Calpers has taken the inevitable step in response to the City of San Bernardino’s filing of bankruptcy and suspension of its payments to its largest creditor – the pension fund manager has sued its customer. We’re your pension fund managers and we’re [...]
By:David A. Smith [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.] Now, after three parts, we come to the piece’s true villain, as the material already presented from an extensive story in Reuters (November 13, 2012) has established that elected innumeracy led to public-employee overpayment, which led to [...]
By:David A. Smith [Continued from yesterday's Part 2 and the preceding Part 1.] As we saw in yesterday’s Part 2, based on a clinical Reuters (November 13, 2012) story, if the only consequence of grossly over-benefiting the public employees of San Bernardino were to overpay them, then it would be excessive and nothing [...]
By:David A. Smith [Continued from yesterday's Part 1.] Yesterday’s post on the San Bernardino bankruptcy filing, using a thorough Reuters (November 13, 2012) story as source material, had reached the finding that innumeracy always precedes insolvency … and platforms us to dive deeply into the deceitful cabal (elected officials, public employee unions, and [...]
By:David A. Smith As California cities one by one drop into bankruptcy like leaves falling from a decayed tree, each fluttering filing reveals, like a vinous nervous system, another tale of malfeasance, chicanery, and connivance to deceive the public, such as poor poor pitiful San Bernardino, whose slide to fiscal doom was lubricated by [...]
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