These San Diego county board members are as bad as congress wrote on Nov 20, 2008 3:32 PM:Let's get this straight. The county pen$ion fund loses $1.1 billion. The Board then decides to give a salary increase to the CIO. Is the Board living on another planet? What part of losing money don't they understand?

Crazy wrote on Nov 20, 2008 4:03 PM:Are you people crazy "the board voted to increase Deutsch's salary by 4.3 percent, based on the fund's strong performance over the last fiscal year".
What kind of strong performance is loosing 1.1 Billion dollars, they are raising this guys pay that is OUTRAGOUS!

Gil wrote on Nov 20, 2008 6:40 PM:John Claisse said, and I quote, “"We're not out of the woods completely, but also at this stage there are attractive areas of opportunity."

Is he kidding? Are we even in the woods yet? Attractive opportunities, such as, please share. Does he mean Ford Motor Co. (F)? It is only 1.39 a share. Or perhaps he is referring to Citigroup (C) which is down to 4:71, down from 35 a share?

If you have money in the market, keep it in their to avoid actual loses. I would recommend against putting any money in equities at this point in time. Get some fixed income products. When deflation hits, those 4 % interest rates will me more like 6 %.

Thanks for listening.

Herb wrote on Nov 20, 2008 11:33 PM:No - he isn't kidding. What a job for a high roller. He is probably happier playing at the big casino, wall street, with other peoples money than he would be at one of the Indian casinos. It is like this, rolling the dice at the crap table trying to make a number is an attractive area of opportunity.

Pay your share wrote on Nov 21, 2008 7:31 AM:The pension fund helps those that helped many of us, everyone is going to have to kick-in some extra and keep things rolling in this tough economy. The agreement/contract was signed, the city is going to need to keep-up their part regardless.

join the club wrote on Nov 21, 2008 8:50 AM:County workers, welcome to our world, the real one. The only problem folks is they will tax us real world folks to make up the difference. Wouldn't want our high paid public servants to go without anything.

BK Option wrote on Nov 21, 2008 10:07 AM:When the parasite gets too big the host dies.
"Roger Hedgcock"

Finest government officals Union Momey can buy.

Common Sense wrote on Nov 21, 2008 10:37 AM:Let's try for some accuracy here folks. Not painting a rosey picture, it ain't rosey. But first, the "board" being referred to is NOT the County Board of Supervisors. It's the seperate institution who manages the retirement fund. They are fund managers, not government offcials.

The "city" is going to need to keep up their end of the bargain? What city? The fund managers referred to manage the retirement fund of COUNTY workers. No city involved.

As for welcome to the real world, don't be quite to "holier than thou." We ALL live in the same real world and your illusion of county workers is simply off, a delusion. We pay the same taxes you do, we pay the same for a gallon of gas, we pay the same outrageous medical costs, we send our kids to school with boxes of pencils and reams of paper for the class to use just like you.

You can throw your rocks from your jealous sideline, but give it some thought. I don't get profit-sharing, I don't get company stock, I don't get a company car, I don't get Christmas bonus...all possible in the private sector. All common place when times were good.

I say instead of throwing stones in bad times, we see what we can do to help out family friends and neighbors, and let's not blame others for choices we all made.

Common Sense wrote on Nov 21, 2008 1:11 PM:"Finest government officials Union Momey can buy"

Let's assume you meant "money."

OMG. Making blanket statements about union money and buying politicians? Understand the subject before making false uninformed comments. This is not a government board, these are not elected officials.

You don't have to like it you don't have to agree with it, you can be mad and elle. But don't be equally ignorant by calling people names, the wrong names. Your diatribe goes out the window when you don't know what you're talking about.

ARE WE SERIOUS wrote on Nov 21, 2008 1:29 PM:The state is broke, the county is broke, our cities are broke, and we don't have enough water. The good news is we are going to barrow 9 BILL. DOLLARS to buils a new super fast train.

Depression wrote on Nov 21, 2008 2:11 PM:My mother's family lived on the same street as the Vanderbelts and Rockefellers. She told me stories of playing with them as a child. She remembers her Grandparents talking about that awful Joe Kennedy the bootlegger. She remembered the private train car that brought them to the ranch in New Mexico and she remembers the Great Depression. Her father was a banker and real estate developer. She remembers after the depression how they lived in a one romm cabin in Colorado as grandpa worked as an account for a gold mine outside of South Fork, CO. I wonder what we will all tell our children about this depression when it is over.