"The Louisville Courier-Journal puts the losses suffered by the teachers? fund at $4,600,000, the police fund at $147,000, and the road-construction fund at $896,000. The NEA, which just took over operation of the largest teachers? union in Indiana after possible fraud committed by the union?s insurance arm, can?t be happy about that.
"As a result, Treasurer Mourdock has instructed the funds run by his office to not buy any more secured debt from companies receiving federal bailout money. I guess we can now add state/local public capital to the list of capital no longer flowing to bailed-out companies."
StrategyWorld.com© 1998 - 2012StrategyWorld.com. All rights Reserved. StrategyWorld.com, StrategyPage.com, FYEO, For Your Eyes Only and Al Nofi's CIC are all trademarks of StrategyWorld.com Privacy Policy