Wednesday, September 20, 2006

Califronia Dreamin

What is it with the people who run Southern California's pension funds? First Orange County blows up on structured product back in '94, then San Diego City scandalously underfunds and then covers it up, now San Diego County dangerously overallocates to Amaranth (why do I keep wanting to say Aramark? I had lunch.)

Is the actual secret that Paulie Shore and Nicole Ritchie are in fact running the whole show (Ritchie surely isn't running Aramark, as is clear to all)? That would explain a lot. And then the guys who are supposed to be exercising fiduciary duty over taxpayer money could spend their time eating tofu burritos, attending John Birch Society meetings, and olleying off of rad vert.

Awesome!

1 comment:

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