California Dreamin'

By Mary Williams Walsh

The following piece was reported and written by Mary Williams Walsh, who covered the pension crisis for The New York Times and now serves as the managing editor of News Items. I don’t think it’s an exaggeration to say that no reporter knows the ins and outs of the public pensions story better than Mary. 

After Silicon Valley Bank fell into the arms of the federal government three weeks ago, I went to the website of California Governor Gavin Newsom to check something I thought I’d seen there last fall.