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Democrat Governor Candidate John Chiang Tries to Hide His Socialist Values

Democrat Governor Candidate John Chiang Tries to Hide His Socialist Values

  . By Stephen Frank,  California Political News and Views Democrat State Treasurer John Chiang loves to talk with Republicans, meet with them, agree with them and smile at them.  Then, he returns to being a Socialist Democrat—like his idea for the State to create a bank to compete with private banks for loans and customers.  […]

Treasurer John Chiang Urges CalSTRS to Divest in Sellers of Banned Assault Weapons and “Bump Stocks” 

Treasurer John Chiang Urges CalSTRS to Divest in Sellers of Banned Assault Weapons and “Bump Stocks” 

SACRAMENTO – State Treasurer John Chiang today urged CalSTRS board members to divest the pension fund’s holdings in wholesale or retail sellers of military-style assault weapons, ammunition and other devices such as “bump stocks” that are banned in California.  Below is a transcript of the Treasurer’s speech:  “Chairman Keiley and Investment Committee members… “Exactly one month […]

Statement from California Treasurer John Chiang on Wells Fargo Board of Directors Changes

Statement from California Treasurer John Chiang on Wells Fargo Board of Directors Changes

“I am encouraged by these latest steps taken by Wells Fargo and hope they will prove helpful in beginning to put the wheels back on the bank’s trademark stagecoach.” “For months I have been calling for a total reboot of this California-based bank with its storied history reaching back to the Gold Rush. Today, at […]

Statement of California State Treasurer John Chiang on Reforms to Board of Equalization

Statement of California State Treasurer John Chiang on Reforms to Board of Equalization

SACRAMENTO – “As a former chairman of the Board of Equalization, I can bear witness to how the only elected tax board in the nation has so much inherent potential to do good, but has too often of late been unable to tame its worst demons. “As our tax system grows more complex and unwieldy, California […]

Statement of California State Treasurer John Chiang on Today’s Pension Fund Stabilization Announcement

Statement of California State Treasurer John Chiang on Today’s Pension Fund Stabilization Announcement

“California is presented with a unique opportunity to reduce its pension obligations by more than $11 billion over the next 20 years, without having to reach deeper into the pockets of taxpayers or the public workforce that serves them.  “Faced with the stark reality that the state is on a trajectory to increase its pension […]

Commentary: Policy in the Golden State — Abolishing the Death Penalty

Commentary: Policy in the Golden State — Abolishing the Death Penalty

    Head to Head Conversations on Politics, Policy in the Golden State   By John J. Donohue III The Death Penalty Does Not Add Up to Smart Justice   Simply put, the death penalty is the worst possible allocation of money if your goal is crime prevention. High costs are a defining characteristic of […]

California’s Time Deposit Program Provides ‘Competitive Advantage’

California’s Time Deposit Program Provides ‘Competitive Advantage’

A few years ago Paul Cultrera, the general manager of the Sacramento Natural Foods Co-op, began looking to finance construction of a $10 million, all-organic grocery store. Out of the blue, he got a call from a local community lender, Five Star Bank. “They came to us and said they were really interested in the […]

Chiang and County Treasurers Move to Stop ‘Pay-to-Play’ School Bond Campaigns

Chiang and County Treasurers Move to Stop ‘Pay-to-Play’ School Bond Campaigns

State Treasurer John Chiang and a coalition of county treasurers and tax collectors moved to stop questionable bankrolling of campaign activities in local bond election campaigns. Preying on school districts eager to win voter approval for bond elections, municipal finance firms, including bond counsel, underwriters, and financial advisors, are offering to fund or provide campaign […]

Treasurer’s Program Approves $466 Million in Affordable Housing Financing

Treasurer’s Program Approves $466 Million  in Affordable Housing Financing

Treasury Buys $200 million in Green Bonds

Treasury Buys $200 million in Green Bonds

Purchase supports World Bank-backed energy and environmental projects California has finalized the purchase of $200 million worth of green bonds issued by the World Bank, state Treasurer John Chiang announced today. Proceeds from the sale will help the bank finance projects that meet specific criteria for low-carbon and climate-resilient growth; mitigate climate change or help […]

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