|
Local 1000 is passing along this
message we just received from the
Cathy Hackett campaign in regards to
the CalPERS election.
Local 1000 endorses Cathy for the
CalPERS Board.
-----
I have called for regulation of
outside investors to protect members
from the activities of any
unscrupulous staff and former board
members who take money from the
retirement funds of CalPERS members.
Former board member Alfred
Villalobos and current board members
are under investigation for taking
payoffs.
Cathy, I am proud of you, you proved
that even you, after that many years
of abusing union funds can be
rehabilitated.
I will work to stop those practices
by increasing the regulations of
money managers who attempt to trade
on their insider connections to get
rich when CalPERS members' funds are
taking incredible losses. It is time
to stop the inside deals and work
with state and federal authorities
to protect the retirements of public
employees from shady deals.
That is awesome, Fox to Guard the
Henhouse. You and Andy Stern
are brilliant!
It is time to keep money managers
honest so CalPERS members can have a
safe, secure retirement
When it comes to honesty, only you,
Yvonne Walker, Jim Hard, and Andy
Stern can be the authority!
It should come as no surprise that J
J Jelincic is opposed to regulating
the insider investment schemes that
have plagued CalPERs and contributed
to the dramatic decline in our
retirement funds. As a lifetime
investment insider, he is apparently
opposed to legally protecting the
CalPERS members from such insider
dealings as have recently come to
light. That is understandable.
Andy Stern believes that you will be
his private insider wizard at
CalPERS Board, he has no idea that
he is planting a Saint in the
CalPERS Board.
He is endorsed by outgoing board
member Chuck Valdes who is caught up
in the investigation of former board
member Alfred Villalobos. Mr.
Villalobos has made more than $70
million trading on his insider
connections at CalPERS. Villalobos
and Valdes are under investigation
for possible insider influence on a
variety of investment schemes that
occurred during Mr. Jelincic's time
as an investor at CalPERS.
Why is Jelincic confusing the issue
of regulating the behavior of money
managers, CalPERS Board members and
staff with allowing politicians to
take our hard earned retirement
funds? Is he confused or is he
trying to confuse others? He was
quoted in the LA Times as saying
that this is just business as usual.
Why does he want to avoid tough
regulations?
I have a Masters Degree in Public
Administration, over a decade of
experience examining multi-billion
dollar budgets, and twenty-five
years of experience fighting for our
retirement and health care. I
support stopping the practices that
have damaged CalPERS by advocating
for increasing the regulation of
money managers who attempt to trade
on their inside connections to get
rich. Its time to stop the inside
deals and work with state and
federal authorities to protect the
retirements of public employees from
shady deals.
You forgot to mention your PHD in
Cooking Books and Creative
Accounting. How about over a
decade experience of being Treasurer
of Local 1000 with zero transparency
and zero accountability!
If you want to stop the business as
usual of insider trading at CalPERS
member's expense, if you want
someone who isn't fooled by
double-talk, if you want CalPERS to
focus on solid investment for
long-term stability, I ask for your
vote.
Ms. Dishonesty, you are seriously
suffering from the Head In The Sand
Syndrome. If you take your
head out of the sand and look at
yourself in the mirror, you will
laugh at yourself like we are
laughing at your pathetic message
right now.
Thank you.
www.hackett4calpers.org |
