Financial Capitalism and the US teachers’ pension fund fraud

An “internal study” of the California Teachers’ Retirement System (Cal STRS) indicates that the public school pension fund faces a $64 billion deficit, according to the Sacramento Bee, dated  February 4, 2013 (http://blogs.sacbee.com/capitolalertlatest/2013/02/california-teachers-pension-fund-faces-64-billion-deficit.html#storylink=cpy=). The California State Teachers Retirement System produced the report in response to a legislative resolution.  The release of the “internal study” followed […]