Sunday, October 14, 2007

Governor Signs Iran Divestment Bill

Governor Arnold Schwarzenegger signed a bill today which bars the two largest pension funds from investing in any company doing business in Iran.

The bill affects California Public Employees Retirement System & California State Teachers Retirement System the two retirement funds have combined a combined value of over $400 Billion Dollars.

CAIR clone the National Iranian American Council the apologist for Iran lobbied Gov. Schwarzenegger not to execute the bill.