<div dir="ltr"><div>Did anyone else get the message in red?<br><br></div>Thanks!<br></div><div class="gmail_extra"><br><br><div class="gmail_quote">On Sat, Feb 1, 2014 at 10:00 PM, Kai Eiselein <span dir="ltr"><<a href="mailto:fotopro63@hotmail.com" target="_blank">fotopro63@hotmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">Let me get this straight, the tri-state metro area, which includes NYC, has the best public transportation system in the country and this idiot hires limos???<br>
I've driven in Manhattan, and I can tell you, the subway is a hell of a lot faster than taking a car.<br>
<br>
<br>
________________________________<br>
> From: <a href="mailto:thansen@moscow.com">thansen@moscow.com</a><br>
> Date: Sat, 1 Feb 2014 13:44:23 -0800<br>
> To: <a href="mailto:vision2020@moscow.com">vision2020@moscow.com</a><br>
> Subject: [Vision2020] Idaho treasurer’s ‘inappropriate transfers’ could<br>
<div><div class="h5">> cost $27 million<br>
><br>
> No need to fret none, V-Peeps.<br>
><br>
> Butch'll simply cut education and Medicaid to make up for this oversight.<br>
><br>
> Courtesy of today's (February 1, 2014) Spokesman-Review.<br>
><br>
> ----------------------------------<br>
> Idaho treasurer’s ‘inappropriate transfers’ could cost $27 million<br>
><br>
> BOISE – State Treasurer Ron Crane’s office made inappropriate transfers<br>
> that cost taxpayers $10.2 million, but the hit to public funds could<br>
> rise to $27 million, according to an audit that concluded Idaho’s money<br>
> manager overrode internal controls meant to contain financial risks.<br>
><br>
> Legislative auditors said in a report Crane’s office should strengthen<br>
> measures designed to keep Idaho from losing money. Following its<br>
> release, lawmakers Friday also called for new oversight on grounds<br>
> Crane now has too much authority to shift investments without guidance<br>
> of others.<br>
><br>
> The losses result from investments in mortgage-backed securities hit by<br>
> the housing bubble’s collapse. Crane shifted these investments between<br>
> accounts in 2009, exposing state taxpayers to the risk, auditors say.<br>
><br>
> Crane’s office “inappropriately transferred investments … resulting in<br>
> a disproportionate share of investment losses incurred by the state,”<br>
> according to the report issued by April Renfro, a certified public<br>
> accountant who oversees Idaho’s Legislative Audits Division.<br>
><br>
> What’s more, auditors wrote, Crane’s office still oversees $2.9 billion<br>
> in the accounts hit by the losses, “without the aid of independent<br>
> oversight to review investment activity and to ensure fiduciary duties<br>
> have been considered.”<br>
><br>
> Crane, a four-term treasurer whose management has drawn fire from<br>
> auditors in the past, including spending thousands on limousines during<br>
> trips to New York, didn’t immediately return a phone call Friday.<br>
><br>
> ----------------------------------<br>
><br>
> Seeya 'round town, Moscow, because . . .<br>
><br>
> "Moscow Cares" (the most fun you can have with your pants on)<br>
</div></div>> <a href="http://www.MoscowCares.com">http://www.MoscowCares.com</a><<a href="http://www.moscowcares.com/">http://www.moscowcares.com/</a>><br>
<div class="im">><br>
> Tom Hansen<br>
> Moscow, Idaho<br>
><br>
> "There's room at the top they are telling you still.<br>
> But first you must learn to smile as you kill,<br>
> If you want to be like the folks on the hill."<br>
><br>
> - John Lennon<br>
><br>
><br>
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</blockquote></div><br></div>