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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (10430)	10/25/2008 5:24:28 AM
From: stomper	1 Recommendation Respond to of 33421

That should ultimately be an interesting one for the PGBC to handle. I caught their head on TV last night and he was touting their strong asset vs. payout liability position...they have narrowed their shortfall to about 12 billion (45 billion in assets to 57-ish billion in liability). He was touting their performance through the first three quarters, and how they avoided landmines despite trying to chase alpha to shore up that deficit. Even Bill Griffeth was adamant in trying to get him to respond to the last three weeks performance, since that has been the biggest action. He simply wouldn't answer. I suppose we will be adding another several hundred billion to the Federal tab once the carmakers/CALSTERS and CALPERS start to renege.