Monday
Feb022009
Bailout News: Movie Trailer for 'I.O.U.S.A.' America The Bankrupt
This 2 minute trailer is chilling. I.O.U.S.A. was a Sundance Official Selection in 2008. It premiered last August. Below is an abridged 30 minute version of the full length film.
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Reader Comments (4)
now calpers is close to being broke. no surprise at all. idiots at calpers invested in sub-prime plus other junk.
http://notcorporatemedia.com/california-pension-funds-close-to-bankruptcy
They have lost 41% of their value. From $260 billion in assets to now $186 billion.
More coming on pensions, and david rome walker plus Stiglitz.