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URL:  http://boards.fool.com/as-a-california-native-i-am-sadly-familiar-with-30550320.aspx

Subject:  Re: Opposition to Iger Date:  2/19/2013  1:37 PM
Author:  chk999 Number:  48427 of 49468

As a California native, I am sadly familiar with how dysfunctional CA politics are and how badly the state is run. Also how anti-business it is. CalSTRS is not remotely blameless though. Their projections for return on their investments are much too high (at 7.5%) for a pension fund that must hold significant fixed income securities that pay very little. Here is a newspaper article with some interesting details on the problems.
http://www.ocregister.com/articles/pension-495236-state-fund...

CalSTRS should clean their own house before they go looking for trouble in other houses.
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