Monday, July 22, 2013

SB 558 will result in a 42% increase in fees to Wall Street

Based on a very thorough analysis which seems pretty reasonable, the revised SB 558 authorizes the Treasurer to increase alternatives to such a degree that fees to Wall Street would go up by 42%.  
You can read the full analysis here.  

SB 558 is a bad idea - and this isn't a partisan issue.  Passing this bill will just waste more millions on bad investments.