Thursday, July 22, 2010

Millions

Even the Canadian business people are following the John Kasich/Lehman Brothers story.
Canadian Business:


New records show Republican gubernatorial candidate John Kasich had business dealings with three Ohio pension funds while at Lehman Brothers in 2002, contrary to campaign statements he had dealt with only two.


State Teacher Retirement System employee Alan Muench revealed the telephone pitch, made directly by Kasich, in an e-mail provided to Ohio Democrats after a public records request. Democratic Gov. Ted Strickland's re-election campaign released the e-mail Thursday, continuing to criticize the former congressman's years as a managing director at the collapsed Wall Street investment bank....

....Pickrell said Thursday that one of the Lehman executives introduced to Ohio pension officials by Kasich - John Dwyer of the firm's Chicago private equity office - pitched the type of risky and underleveraged "toxic" assets that sparked the national financial crisis to the state teachers' fund just ahead of Lehman's bankruptcy. The historic fall in October 2008 was the largest in U.S. history.... 

I wonder if any public employee or teacher, active or retired, will vote for Kasich.  Would you vote for someone that may have had a hand in your pension fund losing millions of dollars?