In today's Columbus Dispatch (http://www.dispatch.com), there is an article on another investment loss from the Ohio Bureau of Workers' Compensation (BWC). According to the article, a division of National City Corp., "lost $71 million in investments during the past two years." Hello!!!! Are these people idiots or arrogant fools to waste taxpayer money like this? Could there be a reason that people associated with National City gave over $70,000 to mostly GOP candidates and PAC's for the 2002 and 2004 election cycles? (http://www.opensecrets.org/indivs/search.asp?NumOfThou=0&txtName=&txtState=OH&txtZip=&txtEmploy=National+City+Corp&txtCand=&txt2004=Y&txt2002=Y&Order=N
These people gave over $20,000 to GOP candidates and PAC's for 2000 and 1998 cycles.
http://www.opensecrets.org/indivs/search.asp?NumOfThou=0&txtName=&txtState=OH&txtZip=&txtEmploy=National+City+Corp&txtCand=&txt2000=Y&txt1998=Y&Order=N
Apparently, the people in the BWC don't know how to tell if an investment has gone bad. Here is a hint: When your investment loses money, it is time to pull out!!!!
