FL pension manager invests in for-profit Edison Schools. Jeb says ok.

[madfloridian]

Jeb is a trustee of the fund that has had so many questions about it. He says he does not get involved in such decisions. Don't trustees do that?
There is a lot of concern about the condition of Edison Schools, and whether the pension fund of public school teachers should be investing that way.
http://www.theledger.com/apps/pbcs.dll/article?AID=2003309260357

SNIP...."A money manager that invests part of the state's $92 billion pension fund has bought a for-profit school management company, a move being questioned by critics who say Edison Schools Inc. isn't a good investment.

One of the main critics is the union for Florida's teachers -- who make up nearly half the members of the state pension fund. Union members were "astonished" to learn that $174 million of their retirement money is being used to finance the buyout of a private company that manages public schools -- potentially costing some union teachers their jobs....."

Jeb's statement:
"We have a responsibility as trustees to create the policy but we don't make the decisions," Bush said. "I didn't know about, but I shouldn't know about it." Democrats and other critics questioned that, however, suggesting that Bush and the other trustees should have a better idea of what the state pension fund is being invested in. Last year, the pension fund lost about $300 million when it invested in tumbling Enron stock....."

If a trustee does not know and says they should not know, then who should?

:shrug:

[patdem]

1. They are SO blatant one would think Diebold machines were a

sure thing....Diebold is so blatant themselves in attempting to stifle debate...and it seems the republican overseers are purchasing Diebold machines like they are going out of style...flagrant...blatand...and 'Dieabolical'

[madfloridian]

2. Kick for the Floridians who might be interested.

This dropped very fast, so one kick for the evening.
:kick: