Thursday, October 15, 2009
Another Predatory Investment Comes Home To Roost
Today's paper had more news about investment woes at CalPERS. It turns out that this isn't exactly new news.
As in East Palo Alto, this ill-timed real estate venture is all about dispossessing renters and profiting from gentrification. But apparently the tenants were tenacious, being as fond of their homes as anyone.