Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (171849)	12/17/2008 1:10:34 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

calpers leveraging 5-1 at the top of the real estate bubble is just astounding. are there no smart people left in the world? can california take 110% of our earnings in taxes?

To: Broken_Clock who wrote (171849)	12/17/2008 7:02:20 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

You can tell just from reading the article that a lot more bad news is coming from CALPERS. For example they actually brag that Commercial Real Estate hasn't been hit hard and that it is 10% of their holdings. How dumb do you have to be to bring THAT up as a reason to be optimistic? They also talk about direct real estate holdings and investments. What about all the MBS garbage they were buying? This news was sugar coated. There is a LOT more bad news to come from CALPERS.