More Ohio idiocy
Via Atrios:
COLUMBUS - The Ohio Bureau of Workers’ Compensation admitted today that it lost $215 million in a high-risk fund that few people knew about.
The bureau had invested $355 million with a Pittsburgh investment firm, MDL Capital Management, beginning in 1998.
But last year, after diverting $225 million into a fund that works like a hedge fund, the fund lost $215 million. Although the bureau has known about the loss since last year, Gov. Bob Taft was notified about it today.
Honestly, if we can't parlay such blatent disregard for the public interest into a change in partisan control of at least one branch of Ohio government, Democrats here ought to be ashamed of ourselves.
COLUMBUS - The Ohio Bureau of Workers’ Compensation admitted today that it lost $215 million in a high-risk fund that few people knew about.
The bureau had invested $355 million with a Pittsburgh investment firm, MDL Capital Management, beginning in 1998.
But last year, after diverting $225 million into a fund that works like a hedge fund, the fund lost $215 million. Although the bureau has known about the loss since last year, Gov. Bob Taft was notified about it today.
Honestly, if we can't parlay such blatent disregard for the public interest into a change in partisan control of at least one branch of Ohio government, Democrats here ought to be ashamed of ourselves.
posted by onlooker at 2:36 AM
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