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Thursday, August 23, 2007

Could Los Angeles' pension plan look like another Enron

Should the real estate market in Los Angeles suffer a deep downturn the Los Angeles city pension fund could look like Enrons. Los Angeles mayor is a lacky or shill for Philip Anshultz and Eli Broad and the other big real estate developers in Los Angeles. The mayor has virtullay turned over the cities pension funds over to these developers to invest in very risky projects. It really is a dangerous way to invest the future of the cities workers