The bankruptcy is also a blow to the California State Teacher's Retirement System and a subsidiary ofCorp., both of which invested in Fairfield over the years.
A Fairfield spokeswoman confirmed that investors including Calstrs would be wiped out by the bankruptcy but would continue as joint-venture partners on Fairfield projects.
Here's the entire WSJ article. There may be something to this pension issue!
Zuma Dogg will be announcing the Top, #1 ISSUE the city MUST confront IMMEDIATELY at 6am Monday morning, Dec 14th at http://ZumaDogg.org. The City's treasury is being held hostage. CityWide action must be take to release the hostages (your money) from the treasury kidnappers. And ZD will be further discussing the matter Tuesday at 11pm on KPFK 90.7 FM with Chris Voltaire on his debut show. (It's gonna be UGLY for City Hall!)