In a stunningly ludicrous move, Sir Bob Taft engages in flip-floppery. Oh yeah, and there's $12 missing from the state coffers.
Columbus- After learning Thursday that up to $12 million is missing from its rare-coin investments, the state said it will seek criminal charges and ask a judge to freeze all assets of investment manager Tom Noe.The revelation effectively wipes out the profit that the Ohio Bureau of Workers' Compensation had long been touting in defense of its $55.4 million investment in the risky coin funds.
Gov. Bob Taft, who until recently also defended the investment, said in a statement that Noe had acted irresponsibly and had mismanaged state money. He said it was "imperative" the state do all it can to keep the bureau solvent and strong.
"Such criminal action is outrageous and will not be tolerated," Taft said. "We will pursue all legal avenues possible to recover these funds for injured workers and employers."
Yeah right Bob. You have absolutley no credibility on the issue. If there was ever a reason to initiate a recall, you have it. At the very least, this must lead to the downfall of the Ohio GOP. Nothing's at stake here besides the future of Ohio and national presidential elections.
Comments (2)
I hope they nail tom noe-he and people like him helped to steal the presidency-twice!....and they need to nail his wife, who is a sell out too-booooo for tom noe and bernie
Posted by dawn ledinsky | May 27, 2005 2:55 PM
Posted on May 27, 2005 14:55
I just hope that it's just the beginning of the end.
Posted by sean | May 27, 2005 9:09 PM
Posted on May 27, 2005 21:09