Government
Nov. 4, 2009
CalPERS Says More Reform Needed
CalPERS' CIO told Congress Tuesday the nation could return to the brink of "financial Armageddon" if the U.S. government fails to enact robust regulatory reform.
By Robert Iafolla
Daily Journal Staff Writer
WASHINGTON - The chief investment officer of the California Public Employees' Retirement System said Tuesday that the country could return to the brink of "financial Armageddon" if the federal government fails to enact robust regulatory reform soon.
Joseph Dear, who oversees CalPERS' $200 billion in assets, said while the panic and fear from "staring into the ...
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