Calpers CIO Tells CNBC :"I Understand Why People Are Protesting, Wall Street Is A Rigged Game" 
Oct 11, 2011 at 7:13 PM
DailyBail in #occupywallstreet, #ows, Wall Street Bailout, Wall Street Protests, calpers, cnbc video, occupy wall street protests, wall street, wall street protests

CNBC Video - Joseph Dear, Chief Investment Officer CALPERS - Oct. 11, 2011

People are “waking up” to the fact that “the game appears to be rigged,” Joe Dear, CIO of California Public Employees’ Retirement System, told CNBC Tuesday.

“The financial system gets bailed out, executives' salaries stay high and the incomes of people who work for a living, paycheck to paycheck, continue to decline,” said Dear.

The fact that people are taking to the streets because the economy isn't meeting the needs of ordinary Americans "should not come as any surprise to anybody," he explained.


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