Wow, CalPERS is going to start lending money? Interesting article from Cal Matters.  Riskier bet: Why CalPERS, the country’s largest pension fund, is getting into banking As far as I’m concerned, this is another reason we need to get out of CalPERS. But our council (aka Ship of Fools) is so union-friendly they would never … Continue reading Take a cup of OT and add a cup and a half of CTO, pour in some STO, and you get an IOU