Questioning lack of criminal charges in CalPERS case
Publisher’s note: The following editorial is from the May 13, 2010, Sacramento Bee.
Where is the outrage?
In the week or so since Attorney General Jerry Brown filed a civil lawsuit charging two former high-level officials of the California Public Employees’ Retirement System with massive fraud, there’s been hardly a peep from public employee union leaders whose members’ retirement fund was allegedly defrauded.
There’s been no loud complaint registered by the state’s Democratic establishment that usually walks in lockstep with union leaders – no press release from Senate President Pro Tem Darrell Steinberg or Assembly Speaker John Pérez. There’s been no word from Gov. Arnold Schwarzenegger either, even though recent large pension fund investment losses have added enormously to the state’s massive budget deficit.