Wednesday, April 09, 2008

Financial tales out of school

Ya know, sometimes something just kinda bothers me. I read this story in the Milwaukee Journal Sentinel how the Waukesha school system was in the hole for their investment scheme. Then I read this story about State Rep. Bill Kramer, financial planner, looking at the deal and not seeing any problems (ht: Spring City). And then I started hearing other descriptions of what is actually being invested and how and...

I don't think Kramer was told the whole story, and I'm beginning to believe this is not a tale with a happy ending.

So, any of my finance gurus want to take a look at this mess and tell me what you think?