Monday, June 13, 2005

Investment manager says state knew risk

An investment manager formerly hired by the State of Ohio to handle the states investment funds from the Workers' Compensation funds says the state was aware of the investment risks it was taking and certainly knew of the losses to the fund.

The longer this scandal festers, the more it becomes apparent that Taft at least knew something about the losses to the fund. His story that no one made him aware doesn't seem to hold water. Therefore, the legislature needs to be seriously asking the question: What did the Governor know, and when did he know it?


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