calPERS Lays Out the Issues

Since I posted on the Stockton and San Bernadino bankruptcy cases yesterday I have bumped into a video produced by calPERS that gives the viewpoint they hold on those cases. As I mentioned yesterday these cases may produce groundbreaking law on pensions and municipal debt, with all of the stakeholders getting ready for a pretty tough fight. calPERS will be throwing considerable resources into that fight.

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