Public Employee Retirement Benefits & Bonds... "The Ticking Time Bomb": Video Preview (11 min)

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In a bombshell expose of California's massive unfunded public employee retirement benefits the Full Disclosure Network™ is featuring a two-part series with public employee officials and public finance expert B. Scott Minerd, CEO Guggenheim Partners, Asset Management on L.A. Cable Channel 36 Sunday, January 7th from 8-9 p.m. and on Monday, January 8th from 4-5 p.m and will be featured on 43 other cable systems. An eleven minute Internet video preview is available here at the URL: http://www.fulldisclosure.net/Programs/482-483.php, 24/7, on demand, as a public service.

In a bombshell expose of California's massive unfunded public employee benefits the Full Disclosure Network™ is featuring a two-part series with public employee officials and public finance expert B. Scott Minerd, CEO Guggenheim Partners, Asset Management that will debut on L.A. Cable Channel 36 Sunday, January 7th from 8-9 p.m. and on Monday, January 8th from 4-5 p.m. And, will be featured on 43 other cable systems.

An eleven minute video preview of the series, is available 24/7, on demand, for viewing here at this URL: http://www.fulldisclosure.net/Programs/482-483.php. The video is provided, as a public service, by the Full Disclosure Network™ a non-profit, educational, public affairs television program. DVDs of the complete series are available upon request.

Scott Minerd was interviewed by the Full Disclosure Network™ following the Milken Institute's "State of the State Conference" last fall, where he served as moderator for a panel discussion entitled "The Ticking Time Bomb". Video clips of the expert panelists featured with Minerd in the series are:

·    Hon. Keith Richman, MD, California State Assembly

·    Carl De Maio, President Performance Institute

·    Jack Ehnes, CEO California State Teachers Retirement System (CALSTRS)

·    Dave Low, California School Employees Association

·    Barbara Lloyd, Sr. Vice President Lehman Brothers

.     James McNulty, CEO Parsons Corporation

.     Senator Don Perata, California Legislature

Topics covered in the Full Disclosure™ six segment series are:

Segment #1: Scott Minerd describes his role as a Managing Director of Credit Suisse when he exposed the risky concentration in derivative securities which directly led to the liquidation of the Orange County investment portfolio and the county's subsequent bankruptcy. He defines the new GASB (General Accounting Standard Board) rules and estimates new disclosures will reveal $300 to $400 billion in unrecorded benefits owed to California public employees.

Segment #2: Will municipal bankruptcies spread across California?

Segment #3: How widespread are the unfunded liabilities?

Segment #4: What role have politicians and public employee unions played in this crisis?

Segment #5: Are the County governments funding their public employee benefit plans?.

Segment #6: Why not use the General Fund to pay for $40 Billion in infrastructure projects that will cost another $40 billion in interest?

Billed as "the news behind the news" the Full Disclosure Network™ is an independent, educational, public affairs cable and Internet television program available from the website http://www.fulldisclosure.net/ Hosted by Leslie Dutton, who in 2002 was presented with a local public affairs Emmy Award from the Academy of Television Arts and Sciences for their series entitled "L.A.'s War Against Terrorism".

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LESLIE DUTTON
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