Really great comment on Jeb's (Florida's) investment scandal!

[Sancho]

On three, everybody panic! 1 ... 2 ... YAAA! ( http://www.sptimes.com/2007/12/06/Columns/On_three__everybody_p.shtml )


As you know, we are in a big flap, because it turns out the state of Florida invested a lot of our money in yak dung.

Hah! Just kidding. Got to keep a sense of humor, right?

(Long silence.)

Oh. Okay. No humor, then....

Was our money invested by idiots? Do we have another Enron on our hands? Is this why that guy in charge suddenly resigned this week?

I dunno. There are some smart folks out there who say that the state should have been steering away from these investments....

This is not as much fun as panicking, I realize. It is more fun to use words like "disaster" and "debacle." I will be curious to see whether the Legislature rushes forward to "fix" this, just as it "fixed" our insurance and taxes.

In fact, if you have a bent toward conspiracy, I would be wary now of attempts to hijack the whole honey-pot and turn it over to Wall Street. Did I mention that the fees charged by the state are ridiculously low?



:wtf: :argh: :grr: :shrug: :wow:

[ixion]

1. It was money in the hands of the BFEE... which means

it will be 'lost' to the taxpayers and a profit to the BFEE. We've seen this pattern time and time again, but still people allow the Bushies to manage their money.

There's a word for people like that: suckers.

[JPZenger]

2. Florida Pension Fund Bought School Privatitizing Firm

I read that the Florida pension fund, chaired by Jeb, bought Edison Schools. Edison is the leading company that has been handling the privatitizing of public schools. The company has been financially unsuccessful. Therefore, Jeb has been risking public pension dollars on his ideological experiment. Maybe he is hoping Edison will buy some of Neil Bush's educational software.

[anitar1]

3. Frontline featured Edison 2 or 3 years ago. Looked like a loser then.