I don't know the specifics, but we should consider that they weren't criminals and there was nothing to prosecute.  

"KKR and other corporate raiders" may well have been in Jim's own mutual fund package, or possibly mine, or maybe millions of Vanguard's low cost mutual funds owners.     Sorry Jim, but most private investors only look at their return, millions have no idea, nor care, about specific holdings in their 401k.

People are angry that the PERS investments didn't sustain unrealistic growth.    And unless you have some numbers, I'd dare to say they didn't underperform the average private funds of the same size.  If anything their size watered down returns to average.

I have no question that public employee's character is no worse than the average of all workers.    Collective bargaining is not a crime.

And Motley, the Republican party was never banned from elections.    Their failure to win elections and control legislation is their fault.