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IPFS News Link • Economy - Economics USA

California Pension Funds Close To Bankruptcy.

2-03-09 • GlobalResearch.ca

The pension fund is expected to report paper losses of 103 percent on its residential investments in the fiscal year that ended June 30. It is estimated 80 percent of these investments were paid with borrowed money, which means that CalPERS will even

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Reported By Jack Gregson

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