A Finance Professor's blog.
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.
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