4 ms·

Can you provide the precise internal composition of the item "COUNTRYWIDE ASSET BACKED CERTI" on page 66 that has book value of 0? Would be also nice to know h

Can you provide the precise internal composition of the item "COUNTRYWIDE ASSET BACKED CERTI" on page 66 that has book value of 0? Would be also nice to know how "AP ALTERNATIVE ASSETS (AAA), LP" got wiped out, do you have details on that? These are the funds your pension invested in, and lost everything. Looking forward to you finding out the composition of those funds.

kasey_junk 4y ago
The first one is CWABC asset backed security trust 2004. You can find the SEC filing here https://www.sec.gov/Archives/edgar/data/1021913/000102191315000007/h05_cwabsabs1q15.htm https://www.sec.gov/Archives/edgar/data/1021913/000102191315... It’s a MBS that went to zero as part of the 2008 troubles. The underlying mortgages for it are no longer available because it and the company that sold it are gone. Before the default mbs prospectuses listed the mortgages in each tranche along with metadata like type, credit rating, etc. Your turn. Can you find a single bond trader who has sold “commercial paper” backing tether? I’ll take a journalist who has talked to one as well. PS: I’m not a beneficiary of calpers, this is public information available to anyone. My private retirement funds and money markets all offer at least this much information in their documentation if not more.