Monday, December 17, 2012
The HISTORY of Los Angeles City Hall PENSION FRAUD (Connect The Dots BLUEPRINT: Pension Fraud 101 for Dummies...cc: Barack Obama, Eric Holder, FBI...ALL INCLUDED in "DUMMIES!" cc: list.)
Tuesday, August 9, 2011
ALERT: CalPERS portfolio lost $18 billion since July 1 (IMAGINE WHAT HAPPENED, THIS PAST WEEK, AFTER WALL STREET PLUNGE!) HOW'S L.A. CITY'S PENSION?
FIRST OF ALL...I wonder how L.A. City pension funds are doing? They're even DUMBER and SHADIER!
BREAKING NEWS via LA TIMES (8/9/11): CalPERS portfolio has lost $18 billion in value since July 1 (Imagine how much was lost this past week, during Wall Street plunge!)
After posting its best annual performance in 14 years, the California Public Employees' Retirement System is giving back a sizable portion of the 20.7% investment return it reported for the fiscal year that ended June 30. (Because that's what happens when things are propped up on a house of cards, filled with smoke and mirrors. IT'S FAKE, y'all!)
The value of the country's largest public pension fund was $220 billion at market's close on Monday, down 7.6% or about $18 billion, CalPERS said Tuesday. [That means services, programs, education funding...EVERYTHING will be down by 7.6%, or about $18, give or take some billions.]
"It's bad, but it's not 2008," said Joseph Dear, CalPERS' chief investment officer, in an interview on CNBC. "We have a crisis induced by lack of confidence in the U.S. and European political systems, combined with gloomier and gloomier economic growth forecasts." [When you say it's not as bad as 2008, did you hop into your, "Back to the Future" DeLeorian? Cause I didn't know we recovered, are not headed further south and that the stock market closed for the last time, preventing further losses, in the future. IT IS NOT OVER LACK OF CONFIDENCE! CONFIDENCE CAN RETURN ALL IT WANTS! MANUFACTURING JOBS WILL NOT BE RETURNING, and you have proven you do not know how to "create" them...only "buy" them.]
Wall Street's massive stock sell-off that began last week "is a tipping point," Dear said, "but it's not a time to panic and run with fear out of the market." [NO! Last time you lost -20%...still PLENTY more room to go. Keep the pension money pumpin' into OVERLY-RISKY, NON-INVESTMENT GRADE, CRONY LLCs on Wall Street. (See Wetherly Capital, Elliot Broidy, Dan Weinstein, Julio Ramierz, Jr., Al Villabobos., et al.)]
CalPERS was underweight in its stock portfolio at the close of the last fiscal year and now is "considering whether we can go back in" to make long-term investments, Dear said. [YEAH, THAT'S the problem...not overly-risky investments, like Grand Ave Project and all that subprime, bubble-up, real estate...it's not the economy, everything's fine...the only problem was...wasn't betting BIG enough/not rollin' enough dice! SOUNDS LIKE YOU NEED GAMBLER'S ANONYMOUS! HOW COME THE INVESTMENTS YOU MADE DIDN'T RISE, BUT TANKED?]
Though Dear said he didn't expect the U.S. economy to fall into a double-dip recession, he conceded that the outlook for short-term growth was not rosy. [WHO CARES WHAT THIS MORON THINKS, AT THIS POINT? HE JUST LOST PLENTY OF BILLIONS. HE HAS LOUSY INSIGHTS, AND MAKES LOUSY DECISIONS. But I guess, THIS TIME...he's got the fundamentals down and is all of the sudden a genius.]
Those comments contrasted with Dear's enthusiasm for the 20.7% investment return that CalPERS announced on July 18, covering the 2010-11 fiscal year.
"The portfolio is quite healthy with positive benchmark-beating gains for nearly all of our asset classes over the past year," Dear said at the time. "Global equity [public stocks], private equity, fixed income, inflation-linked and cash equivalents all did well, and our real estate portfolio is back in positive territory after reversals during the financial crisis and recession." [AND YOU ARE A MORON WHO WOULD LOSE A SIMPLE "SHELL GAME" WITH A CROOK AND HIS CREW ON NY'S TIMES SQUARE. WHEN YOU READ BACK YOUR WORDS, DO YOU SEE WHAT AN EXCUSE-MAKING, MORON, YOU ARE COMING OFF AS. A REAL SUCKER! WHY WOULD YOU HUMILIATE AND EMBARRASS YOURSELF, BY REFERRING BACK TO YOUR WINNING HAND, THAT YOU WERE NOT SMART ENOUGH TO CASH IN ON. YOU LET IT RIDE, TILL YOU LOST IT ALL...AND BILLIONS MORE! I GUESS YOU ARE IN CONTROL, SOUND AND FIT FOR THE POSITION! Like a 90's year old going up to a 20 year old....I used to be hot when I was 20. SO WHAT...no one cares...look at you now! Similarly, NO ONE CARES ABOUT MR. WHOOPTY-DOO'S PAST GAINS/CURRENT STAGGERING LOSSES!]
-- Marc Lifsher in Sacramento and Zuma Dogg in Venice
Tuesday, February 8, 2011
LOS ANGELES PENSION FRAUD Radio Special (Pt 1) - Wetherly Capital PensionGATE Insider Explains It All FROM THE TOP! (with Zuma Dogg)
CLICK HERE FOR AUDIO PLAYER IF EMBEDDED PLAYER DOESN'T APPEAR
RECENT PENSIONGATE BLOG POSTS:
- Is Bill Clinton About To Become Aware That Zuma Dogg Beat His Pal Villaraiogsa & L.A. City Hall in FEDERAL COURT on 1st Amendment Issues?
- Willie Brown, Mike Roos, Richard Alatorre, Richard Riordan, Richard Ziman, Lou Moret, AEG, Magic Johnson, Victor McFarlane...
- Los Angeles PENSION FRAUD EXPOSED - Get To Know "McFarlane Urban Partners" (They LOVE Doing Business with AEG & Pension Money!)
- FBI: Here's Mayor Villaraigosa...PENSION FRAUD 101 - An Introduction
Willie Brown, Mike Roos, Richard Alatorre, Richard Riordan, Richard Ziman, Lou Moret, AEG, Magic Johnson, Victor McFarlane...
WILL YOU PLEASE CALL ANTONIO AND TELL HIM YOU DON'T THINK THE CITY OF LOS ANGELES IS TAKING ZUMA DOGG SERIOUSLY ENOUGH IN SETTLEMENT OF HIS FEDERAL MATTER THAT HE ALREADY BEAT THE FUCK OUT OF THEM OVER ON OCTOBER 21, 2010...
AND AS YOU CAN SEE...I'M GETTING CRANKY OVER THE BULLSHIT AND DELAYS...
HOW MUCH MIGHT IT ALL END UP COSTING ALL OF YOU AND YOUR CRONIES...
HI ANTONIO...PUT ON YOUR ELEVATOR SHOES AND KISS MY ASS, BITCH!
I AM EXPOSING PENSION FRAUD AND ALL THE PEOPLE MENTIONED ABOVE, CAUSE YOUR CITY ATTORNEY IS A CHEAP-ASS MUTHER FUCKER!
9PM UPDATE - TIME TO DRAG YOUR BOY BILL CLINTON INTO THIS: Is Bill Clinton About To Become Aware That Zuma Dogg Beat His Pal Villaraiogsa & L.A. City Hall in FEDERAL COURT on 1st Amendment Issues?
RECENT pensionGATE posts:
- Los Angeles PENSION FRAUD EXPOSED - Get To Know "McFarlane Urban Partners" (They LOVE Doing Business with AEG & Pension Money!)
- FBI: Here's Mayor Villaraigosa...PENSION FRAUD 101 - An Introduction
- NATIONAL MEDIA ALERT: California Pension Scandal (Fraud) EXPOSED, and it points to Los Angeles City Hall and Mayor Antonio Villaraigosa
- L.A. City News HARDBALL Blog Post from Zuma Dogg -- DESIGNED TO GIVE INVESTIGATORS ALL THE NAMES THEY NEED TO PULL OUT HANDCUFFS!!!
Friday, February 4, 2011
NATIONAL MEDIA ALERT: California Pension Scandal (Fraud) EXPOSED, and it points to Los Angeles City Hall and Mayor Antonio Villaraigosa
All of these guilty pension players are based right out of Los Angeles. And they are all associated and linked to current Los Angeles Mayor Antonio Villaragiosa.
The dots will all be connected, here at LACityNews.com, starting this weekend. And will continue until we have indictments and guilty pleas for the pension fraud that occurred in Los Angeles.
It should be noted that LA City News' "Zuma Dogg" placed a call a few years ago to Andrew Cuomo's office and told them about the exclusive information I would be posting on this blog.
And the exact people blogged about, were indicted and have plead guilty.
New York Daily News, L.A. Daily News, L.A. Times, San Francisco Chronicle, ABC News "Nightline" and all the local Los Angeles TV and radio stations have featured Zuma Dogg ("ZD") for his exclusive analysis on Los Angeles "fraud, waste and abuse."
NOW, Zuma Dogg is available to your national media outlet to outline and explain, first hand, the entire California Pension Fraud Scandal as it relates to the City of Los Angeles City Hall and the current administration.
THIS is the reason the local municipalities and entire states across the county are on the brink of bankruptcy. Find out how it happened.
CONTACT: Send your media request to lacitynews@gmail.com.
MUCH MORE TO COME...here are some intro posts:
- IMPORTANT MEMO ON Los Angeles Pension (LACERS) Corrupiton - READ THIS MEMO FROM ANDREW CUOMO (BLUEPRINT FOR CORRUPTION!)
- WARNING: RICHARD RIORDAN, MAGIC JOHNSON, TIM LEWIKIE, RICHARD ZIMAN, ELI "THE BROADFATHER" BROAD, WILLIE BROWN, HENRY CISNEROS, ACE SMITH,...
- INVESTIGATORS: Names Associated with NEW YORK Pension Fraud To CONNECT To LOS ANGELES PENSION FRAUD (See Also: "Antonio Villaraiogsa")
L.A. City News HARDBALL Blog Post from Zuma Dogg -- DESIGNED TO GIVE INVESTIGATORS ALL THE NAMES THEY NEED TO PULL OUT HANDCUFFS!!!
- To prove that ZD feels the city IS, indeed, moving w settlements in good faith, ZD is now leaving to go to Malibu. Dogg called off, for now. about 7 hours ago
- OH NO: Just hung up w city attorney office and am here to clarify with 100% certainty: ZUMA DOGG DECLARES WAR ON L.A. CITY. Here we go! about 2 hours ago
SO FIRST OF ALL, CLEARLY, I was in a good mood -- and feeling good -- and was expecting to not be happy enough, but not INSULTED AND OUTRAGED.
So without wasting any time....If I were out to hit L.A. Mayor Antonio Villaraigosa and City Hall as hard as I can, with an initial blog post, for ROUND TWO...HERE IS THE FIRST POST.
Cause this past week has already been so intense, there is a reason the city called yesterday and today to try and hurry up the settlement and get ZD out of here. AND WHEN YOU READ THE PAST WEEK (and past two week's) OF BLOG POSTS ON http://LACityNews.com, you will understand why.
SO ENJOY THE READING...MY GOAL IS TO GET AS MANY OF YOU DRAGGED OUT IN HANDCUFFS AS POSSIBLE, SO WE CAN GET SOME NEW OPEN SEAT ELECTIONS, TO ELECT PEOPLE WHO WOULD NEVER BE SO DUMB AS TO INSULT ME WITH SUCH A LOW FIGURE.
NOW YOU CAN ADD UP HOW MUCH ALL OF THIS IS GONNA COST THE CITY!!!
Good luck and happy reading. (And don't worry, Wendy Greuel. You haven't been mentioned, here. But I will be getting to ties to developers who had projects approved by you -- and their use of Frontier Supply in relation to those approvals. BUT HERE'S SOME STUFF IN THE MEANTIME:
- HERB WESSON: Ask LAHD, REAP, Roberto Aldape AND ESPECIALLY HAKHA MORTEZAIE how it was having ZD around past couple months? AM AROUND 4 GOOD! less than a minute ago
- ZD thought he made final city hall appearance and was winding up political blogging. HOW MUCH IS MY BLOGGING/TV35 gonna cost city hall, NOW! about a minute ago
- DON'T START HIRING PEOPLE TO BUILD ELI BROAD'S MUSEUM & PARKING LOT. Entire Grand Ave Project is SO ILLEGAL, ZD can EASILY file injunction. 3 minutes ago
- Are news reporters calling mayor's office to inquire if non-documented workers have been hired at city hall and appointed as commissioners? 4 minutes ago
- Are news reporters calling L.A. mayor's office asking about an illegal home purchase in Mt. Washington? 5 minutes ago
- CHRISTINE ESSEL: Sorry. Don't like it, call Antonio. Complain to him. The hand doesn't wanna hear it. 7 minutes ago
- MY GOAL: "Today, federal authorities contacted CRA/LA's Chris Essel to review donations from developers/non-profits on 375 CRA/LA projects." 8 minutes ago
- CHRIS ESSEL: May have LOVED YA as a candidate against a recently elected ASSemblyman, but as CRA head, HOPE MY BLOG PUTS YOU IN HANDCUFFS! 12 minutes ago
- CRA: CHRISTINE "Empty Vessel" ESSEL: Sorry, sweetie. L.A. didn't offer me the same amount as your yearly salary, so gonna expose your ties. 14 minutes ago
- BILL CLINTON: Tell Bill Gates to tell Ron Burkle to tell Dick Ziman to tell Dick Riordan to tell Antonio Villaragiosa Zuma Dogg is PISSED! 16 minutes ago
- They say abuse is passed down the family line. In the case of Ace Smith's family, it's political corruption. (Right, Antonio?) 18 minutes ago
- When I say, "Richard is pension-fraud & development corruption King of L.A.," could mean Riordan or Alatorre. Should just say, "The Dicks." 20 minutes ago
- SOPRANOS vs CORLEONES=Villar/Huizar/Garcetti vs Cardenas/Alacron/Krekorian. 22 minutes ago
- CD14 very vulnerable to political manipulation by organized crime. Take a look at the network of sleazeballs (cont) http://tl.gd/8k3t81 29 minutes ago
- @VILLARAIOGSA: Ask JRamierz, DWeinstein, VShiff & EBroidy how ZD's blogging worked out for them. ZD CONTACTED ACUOMO'S OFFICE, DIRECTLY! 34 minutes ago
- Fifteen Group announced Steven Fink. will oversee firm's acquisition and development operations, based in newly opened downtown LA offices. about an hour ago
- Wyvernwood Apts: A two billion dollar redevelopment deal, backed by CRA, and other money. The property is (cont) http://tl.gd/8k3783 about an hour ago
- ANTONIO VILLARAIOGSA: Did you get calls this week from reporters asking if you appointed undocumented commissioners & hired non-doc workers? about an hour ago
- ANTONIO VILLARAIOGSA: Did you get calls from news reporters, this week, about an illegal home purchase in Mt. Washington? about an hour ago
- @EricGarcetti:CAO said, "Cisneros 'Workforce Housing' was City's #1 loss of pension money." WHAT HAPPENED TO THE MONEY, ERIC? He's YOUR Pal. about an hour ago
- Richard Alatorre's Pal:. Lou Moret, "Newest CALPERS head is a political insider." Is system being used to launder money through nonprofits? about an hour ago
- LOU MORET - Also check out - Sam Diannitto WETHERLY CONVENTION - WEINSTEIN - http://ow.ly/3OCwv about an hour ago
- RANDOM NOTE: BROADWAY TROLLEY PROJECT in Jose Huizar's district (Jessica McClean working on it for Huizar.) More to come.... about an hour ago
- WYVERNWOOD GARDEN APARTMENTS: WHERE IS THIS OWNER LOCATED? FLORIDA??? I'M HAVING A FLASHBACK TO 2005. ILLEGAL (cont) http://tl.gd/8k2s8q about an hour ago
- INVESTIGATORS: WYVERNWOOD - It’s also worth noting that Huizar is very likely already in his pocket. All (cont) http://tl.gd/8k2qsp about an hour ago
- Mark Weinstein, president of MJW Investments IS THIS GUY PART OF THE PENSION SCANDALS? about an hour ago
- Boyle Heights Getting $2 Billlion Development Project. HOW MUCH DID HUIZAR GET? HOW MUCH DID VILLAR, ALATORRE & GRIEGO GET? about an hour ago
- FEDS SHOULD INVESTIGATE JORDAN DOWN PROJECT about an hour ago
- PUBLIC NOTICE: BECK, VILLARAIOGSA, GARCETTI, TRUTANICH, CITY COUNCIL...Get ready for Zuma Dogg. YOU HAVEN'T EVEN MET HIM, YET. You'll see. about an hour ago
- CITY HALL: Problem with breaking BAD NEWS to ZD on LOW-BALL settlement on a Friday. ZD faxing FBI on Saturday. A new # on Monday=TOO LATE! about an hour ago
- @VILLARAIGOSA: How you know ZD is DONE w settlement talks: AM FAXING TO FBI, REPORT ON THE REAL REASON FOR YOUR ICELAND TRIP, THIS WEEKEND! about an hour ago
- END OF LINE ON SETTLEMENT TALKS W LA: ZD now preparing to blog ALL the material he was too scared to blog over past 5 yrs. A desperate man. about an hour ago
- The bad news is, ZD ain't gonna be getting a check from the city anytime soon. The good news is I am going to tear them to shreds in court. about an hour ago
- ZUMA DOGG TO POST EXCERPTS FROM 18 PAGE REPORT TO BE FAXED TO FBI, THIS WEEKEND, REGARDING VILLARAIOGSA PENSION FRAUD. FAXING THIS WEEKEND! about 2 hours ago
- OH NO: Just hung up w city attorney office and am here to clarify with 100% certainty: ZUMA DOGG DECLARES WAR ON L.A. CITY. Here we go! about 2 hours ago
- To prove that ZD feels the city IS, indeed, moving w settlements in good faith, ZD is now leaving to go to Malibu. Dogg called off, for now. about 7 hours ago
- READ THIS NEW STORY to find out EXACTLY How and Why Los Angeles Non-Profits Are CORRUPT
- MESSAGE to CALIFORNIA GOVERNOR JERRY BROWN on MILLIONS & MILLIONS BEING WASTED by Los Angeles City Council Over Venice Beach FEDERAL Lawsuit
- I WONDER WHY CITY HALL IS HAVING MEETINGS WITH PEOPLE TODAY, WHOSE NAME ISN'T "ZUMA DOGG"
- INVESTIGATORS: Names Associated with NEW YORK Pension Fraud To CONNECT To LOS ANGELES PENSION FRAUD (See Also: "Antonio Villaraiogsa")
- Questions Reporters Are Calling Villaraigosa's City Hall Office Over (Did Villaraiogsa Appoint NON-DOCUMENTED COMMISSIONER APPOINTMENTS) and MORE
- WARNING: RICHARD RIORDAN, MAGIC JOHNSON, TIM LEWIKIE, RICHARD ZIMAN, ELI "THE BROADFATHER" BROAD, WILLIE BROWN, HENRY CISNEROS, ACE SMITH, TECLA
- VILLAR: If ZD PensionGATE Blogging Starts Again...Bill Gates, Richard Riordan, Julio Ramirez, Ace Smith, Henry Cisneros AIN'T GONNA BE HAPPY!
- A Message To Antonio Villaraigosa
- One HELL of A DOOSEY of A CRA/LA Agenda For February 2, 2011 -- IF JERRY BROWN CAN'T STOP THIS MEETING...MAYBE ZUMA DOGG CAN!
- IMPORTANT MEMO ON Los Angeles Pension (LACERS) Corrupiton - READ THIS MEMO FROM ANDREW CUOMO (BLUEPRINT FOR CORRUPTION!)
Thursday, February 3, 2011
MESSAGE to CALIFORNIA GOVERNOR JERRY BROWN on MILLIONS & MILLIONS BEING WASTED by Los Angeles City Council Over Venice Beach FEDERAL Lawsuit
Fr: Zuma Dogg (Plaintiff)
Re: Los Angeles City Council - MILLIONS & MILLIONS WASTED (Fraud, Waste & Abuse)
Dt: February 3, 2011
Dear Governor Brown,
First of all, thank you for following me on Twitter!
Secondly, please look into the millions and millions of dollars being wasted on resources, city attorney hours, LAPD time and resources and attorney fees and settlements...all over the matter of DOWD/DOGG vs City of Los Angeles regarding ordiance 42.15 at Venice Beach, CA.
On October 21, 2010, The Honorable Judge Dean D. Pregerson ruled in favor of 12 plaintiffs (all performers protected under 1st Amendment) and placed an injunction on much of the city's illegal and unconstitutional rules on Venice Beach.
Since then, DOWD/DOGG, et al have been negotiating in good faith with the city, without involving attorneys, in an attempt to save money for the city. (Since we already had the injunction, no need to hire attorneys to start making it four or five times more expensive for the city.)
HOWEVER, after recent discussions, as recently as today, I have lost good faith in my negotiations with the city. And at this point, I would urge you to look into the matter, because it really is a most CLASSIC case of fraud, waste and abuse.
They FRAUDULENTLY enforce ILLEGAL law and are BUSTED by a Federal Judge.
The WASTE comes from all the time (five years) the city attorney and council office spent creating and defending this clear loser of an ordinance. Plus, all the time LAPD spends with the city attorney trying to sort it all out. All the enforcement (LAPD SENDS UNDERCOVER STING OPERATIONS to prove people selling a pack of incense for one dollar a pack for "fixing a price."
And the ABUSE comes from the fact that I was told by the mayor's office, "The City of Los Angeles runs the City of Los Angeles, and if you don't like it SUE." And then, how they ABUSED their power by enforcing ILLEGAL LAW IN VIOLATION OF THE CONSTITUTION when they had ample warning on the record that this was the case. And the ABUSE of power in their failure to settle this matter in a timely fashion, because they are embarrassed to have to pay a bunch of low-income people from the beach. (They settle with cronies at the drop of a campaign glass.)
So Jerry, look into it, if possible. Cause I see you are serious about matters in your intent to shut-off community redevelopment money. You are correct in your assessment. Me personally, I think if you shut off the CRA money, it will keep a lot of people out of prison, probably. Cause CRA/LA is CERTAINLY a topic of interest with FEDERAL AUTHORITIES from my understanding, as it relates to pension fraud and relationships of the developers getting the money as they connect to council and the mayor.
CLICK HERE TO REFRESH TO THE TOP OF THIS BLOG for the REAL City Controller report, from the REAL City Controller in L.A.
PS: Tell Gavin I said, "What's up! And I don't NEED to be that good looking!"
INVESTIGATORS: Names Associated with NEW YORK Pension Fraud To CONNECT To LOS ANGELES PENSION FRAUD (See Also: "Antonio Villaraiogsa")
WETHERLY CAPITAL GROUP, LLC
DAV WETHERLY FINANCIAL, L.P.
NAMES TO "CONNECT THE DOTS" TO LOS ANGELES PENSION FRAUD:
"Connect The Dots"
New York Pension Scandal + California Pension Scandal
Richard Ziman/Wetherly & Crowd Campaign Fundraisers for Jack Weiss and Christine Essel.
Aldus
Saul Meyer
Hank Morris
Searle & Company
Wetherly Capital Group
Peter Borges
Daniel Weinstein
Vicky Schiff
Richard Ziman
American Value Partners/Richard Ziman's Company
CALPERS
Joseph Dear
Christianna Wood (Resigned 2008)CALPERS
Fred Buenrostro (Resigned 2008)CALPERS
Dennis Johnson (Resigned 2008)CALPERS
Russell(Resigned 2008)CALPERS
Bill AB 2940
Tony Oliveira
Shelley Smith
Kurato Shimada
Louis F. Moret
Richard Alatorre
RICO-Las Vegas Boxing
Albert Robles-South Gate, CA
Palladium Equity Partners
Wilshire Associates
Andrew Junkin
Kelly Candaele
Tony Blain
LACERS
James K. Hahn
Monique Moret
Fleishman & Hillard
Fabian Nunez
Antonio Villaraigosa
Ron Burkle
Sean Harrigan
Elliott Broidy
Lecine Leichtman Capital Partners
Credit Suisse
and more...
[NAMES NOT NECESSARILY RANKED BY SIGNIFICANCE.]
GREIG SMITH...READ THIS AND LEARN...
AEG BRINGS ON DEVELOPMENT PARTNER - http://ow.ly/3OC12
Leiweke also is expected to announce that the prominent real estate investment management firm MacFarlane Partners has agreed to become substantial investors in the $900 million hotel/condominium tower. [That’s nice…MacFarlane was almost entirely funded by a grant from LACER (pension money) to invest in minority urban areas that needed emergency redevelopment. Guess that didn’t pay off…so let’s hop on the Ritz-Carlton bandwagon. Hope they don’t blow all those people’s pension money in this complex, speculative, massive construction project, just as construction costs are skyrocketing, other five star hotels, luxury condos and boutique shopping will be competing with you and the water to provide all these downtown “cornerstones” is diminishing.]
Friday, October 23, 2009
CalPERS Pensiongate Update: HOW AND THE HELL DOES ONE PERSON END UP WITH $53 MILLION OF STATE PENSION MONEY?: Did Zuma Dogg NOT Warn You About Apollo?
TODAY'S CalPERS STORY "SET-UP" (From Zuma Report/May 19, 2009): Earlier this year Mark Siffin was apparently forced out of office by his backers, the Apollo group out of New York but not before, however, pulling off quite a real estate coup in Los Angeles, billboard rights up the kazoo grandfathered into never never land. Who thinks about the children these days and what their minds are subjected to?
(Reporters can contact me for more on THAT inside story, or readers can call me if you want to hear about it. Not gonna type it all up now. Will maybe do a radio show on all of this. Remember "Wetherly Captial" era of my blogging this past Spring/May?)
Here's more on this in TODAY'S LA Times:
CalPERS reviewing tie with Apollo Management after steep losses
The California Public Employees' Retirement System is reviewing its relationship with private equity firm Apollo Management in the wake of steep losses on investments placed with the New York asset manager.
The review began in May and is focused on reducing administrative and management fees, said Pat Macht, a spokeswoman for the Sacramento agency known as CalPERS, which manages $200 billion in retirement assets -- the country's largest pension fund -- on behalf of current and former state and municipal employees.
Macht said the review, being conducted by Los Angeles consulting firm Houlihan Lokey, "has nothing to do" with a controversy that emerged last week when CalPERS disclosed that Apollo had paid about $46 million in fees to Alfred Villalobos, a former CalPERS board member who now works as an intermediary helping Apollo and other funds market their investment products to institutional investors such as CalPERS. [They SHOULD be saying, "Hell yeah, it has EVERYTHING to do with that.]
In all, Villalobos received almost $53 million in fees in seven years from Apollo and two other private equity firms that did business with CalPERS, the fund said. [THIS IS THE MOST SACRED OF ALL MONEY...PENSION MONEY...AND SOME CLOWN, VILLABOZO, GETS $53 MILLION OF IT??? I HOPE HIS WHOLE FAMILY SUFFERS AS MUCH AS THE PEOPLE WHOSE MONEY HE HAS.]
CalPERS has hired a Washington securities lawyer to conduct an internal probe of Villalobos' work as a so-called placement agent. [BRING SEVERAL PAIR OF HANDCUFFS.]
The reevaluation of Apollo being carried out by Houlihan Lokey is one of a number of reviews the pension agency is conducting of managers of its so-called alternative investments, which include real estate and hedge funds as well as private equity, Macht said.
"We're reevaluating relationships with everybody," she said.
CalPERS invests most of the assets it manages in publicly traded stocks and bonds. But it holds a significant amount of alternative investments, including $21 billion in private equity.
The pension agency has invested or committed to invest $4 billion with Apollo, which was founded by financier Leon Black. In 2007, CalPERS bought a 9% ownership stake in Apollo itself.
CalPERS continues to have "full confidence in Apollo," Macht said. "They are a good partner."
Reuters version of story.
SEMI-RELATED?:
And how fitting that this story is also in today's LA Times about Vivendi back when it was a water filtration company. Blogged about THAT over the Wetherly Capital era of ZD blogging. VERY BAD THINGS UNDER THE NOSE AND BLIND EYE OF GRAY DAVIS. We are dealing with some of the negative side effects today. DWP/WATER!
Former Vivendi execs Jean-Marie Messier, Edgar Bronfman Jr. ordered to stand trial
Vivendi's former CEO Jean-Marie Messier and other former top executives including Edgar Bronfman Jr. have been ordered to stand trial, accused of misleading investors about the company's health while they were transforming the once-stodgy French water utility into a high-flying film, music and pay-TV giant.Friday, April 3, 2009
Zuma Dogg City Council Update on "our" 3 Year Anniversary
richard alarCON's Museum Money Trap Goes Bankrupt: You should read the Daily News today for outrageously numbskulled comments from Richard alarCON, who had money poured into the Hansen Dam Recreation Area Children's Museum as it was going belly up and bankrupt. But what does HE care? Now the people who are owed money have to bite it. I questioned him a couple years ago, now, over loans from the city he said would be payed back, even though I was more skepticle. ARE THEY PAID BACK? Money Thanks CON. Read the article at http://DailyNews.com. I'll be commenting THOROUGHLY on this discracioso! More emails on this with additional info are currently in my email inbox
SPECIAL EVENT FEE MADNESS TRUCKS ON!!!: AND HOW ABOUT ENOUGH MONEY OUT OF THE GENERAL FUND, at a time when you are talking about firings and cutting services and raising fees and meter rates and new taxes --
WHILE CONTINUING TO SHELL OUT HUNDREDS OF THOUSANDS OF DOLLARS ON THINGS LIKE "running" events, like on today's agenda. You cannot RUN away from the budget problem, nor solve it by spending another $20,000 on "running event" again today.
Today, on the Special Event Fee Waiver item, there were a couple more races on the agenda -- and this week, CON's "El Grito" Shadifest bilked another $50,000 out of the city's general fund, after $75,000 already came through the week before. So that's $125,000 for El Grito fest, that I happened to catch. This must be one hell of an event. And I hope it is free and open to the public and isn't having paid sponsorships, and a lot of profit schemes.
FOURTH OF JULY FIREWORK SPENDING CAP, PLEASE?: And with Fourth of July coming up, ZUMA DOGG IS HERE TO REQUEST ON BEHALF OF THE CITIZEN'S OF LOS ANGELES THAT A SPENDING CAP BE SET BY COUNCIL ON HOW MUCH MONEY IS GOING TO BE SPENT THIS YEAR ON 4th of July CELEBRATIONS? I don't know how much was spent last year, and on how many events...BUT IF WE ARE FIRING TEACHERS AND THERE WILL BE MORE KIDS PER ROOM...
Then you BETTER be spending MUCH LESS this year on 4th of July events than last year, and on less of them, and the crowds can combine a little, or people can watch on TV, or go somewhere else.
THIS IS NO TIME TO BE "BOO HOO HOO" CRYBABIES WHO CAN'T HAVE THEIR FIREWORKS PARADE SCALED BACK IN ANYWAY.
SOMETHING'S GOTTA GIVE AT SOME POINT PEOPLE...AND IF IT ISN'T JOBS AND SERVICES, THEN IT IS PARADES, JOGS, SPRINTS, RUNS, WALKS AND FIREWORKS. Not all of them, but the expense better be scaled back in a way reflective of a city that just lost $7 BILLION in risky Wall Street and Real Estate developments, when they should have been in "investment grade" investments, and if Zuma Dogg was blogging alerts about it (if Zuma Dogg knew LACERS was in trouble at Wall Street and in Downtown projects of the mayor's patronige-cronie-special interest-camapaign contributors...then how come NO ONE in the Villaragiosa administration, Villaragiosa himself or ANYONE on City Council did a THING to look into it and prevent it??? ("L" on each of your foreheads, especially YOU councilmembers who stood silent, you spineless cowards.)
SO TO SUM IT UP VILLARAGIOSA AND LOS ANGELES SHITTY COUNCIL:
No more money on jogs, walks, runs, sprints, warm-up, stretches, face-painting, donut sprinking, or cronie enhancing events out of the general fund for the reasons stated above you stupid, irresponsible, cowardly dummies:
AND...SET A CAP ON HOW MUCH THE CITY IS GOING TO SPEND ON FOURTH OF JULY FIREWORKS. And it better be much less than last year. How can it NOT be you squanderous nincompoops?
I'm not sure if you are all just dumb, or corrupt? I think in most cases it's both.
LACERS $7 BILLION BAILOUT (FRAUD?) IN VILLARAIGOSA'S CITY OF LOS ANGELES: AND START ADDRESSING THE LACERS ISSUE AND FIND OUT HOW THE PEOPLE WHO WERE, AND ARE, MANAGING THESE ACCOUNTS GOT THE ACCOUNTS? Were there campaign contributions to Villaraigosa. Were they risky investments, instead of "investment grade" (especially into Villar's pet real estate projects, including CRA money..and now M. Maddux had declared bankruptcy. How much LACERS money was poured into Muerello Maddux properties, along with CRA dollars? Did the money managers get AIG sized bonuses while they lost $7 Billion in one year? And why did the City go deaf, dumb and blind like Roger Daltrey in "Tommy" and allow this to happen? HAVEN'T YOU IDIOTS HEARD OF "STOP LOSS" LIMITS???
I THINK PEOPLE SHOULD GO TO PRISON OVER THIS!!!! ASK SOME QUESTIONS PEOPLE...Forget the ducks, elephants, squirrels, museums, art exhibits, solar panels, $1 surpulus ambulances and all the other stuff...
YOU SHOULD BE FILLING CITY COUNCIL CHAMBERS AND ASKING THE MAYOR IN PERSON AT EVERY PUBLIC PRESS EVENT (SHOUTING IT AS COMPLIANT WITH THE FIRST AMENDMENT) ASKING THE QUESTIONS I HAVE JUST PRESENTED!!!
Do you think I thought these questions up, myself? Or do you think some smart people on the inside who know what questions to aks, whispered in my ear what questions to aks?
But day in and day out, people on the other side of the rope sit back like willing accomplices, standing silent. (NOT very high expectations for Wendy Greuel as City Controller. Do you think she's suddenly going to completely change? She was just elected. She could be showing us what to expect out of her office. She doesn't have to worry about getting re-elected with the mayor's support...
SHE'S never been MORE FREE to finally use her position to become a leader.
(Where'r the cricket sounds, Fred?)
So I guess I am most disappointed in Ms. Greuesome Greuel for her Academy Award-worthy performance of "Hellen Keller" at the LA City Council meetings.