Updated: Tuesday, 31 Mar 2009, 11:35 PM PDT
Published : Tuesday, 31 Mar 2009, 10:41 PM PDT
Los Angeles (myFOXla.com) - Times are tough, but not for everybody! LA's public pension funds have lost billions of dollars, but the pension commissioners have been hanging out in posh hotels, with the mayor's blessing, and the public picking up the bill.
John Schwada has more in this video report.