Wow, CalPERS is going to start lending money? Interesting article from Cal Matters.  https://calmatters.org/economy/california-pension-crisis/2020/07/calpers-pension-banking-private-debt-ab-2473/ 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 even consider such a move. I asked them to consider some changes … 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