Mel Shapiro

Calpers: Betting the House

Gutsy? Having gambled I can testify to the fact that it doesn't require all that many guts to bet with OPM. I'd bet, excuse the pun, that Mr. Dear figures that if he wins he scores a big payday and achieves heroic status.... if he loses there's Mr. Obama and his printing press to save the day. So where's the risk? They don't put people like Mr. Dear on the gallows or in jail for having made a mistake in judgement.