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The Official Blog of National Taxpayers Union

$10 Million in Coins Disappear

Posted by David Keating - May 27, 2005

Incredible story on how the $10 million in coins used in Ohio's investment portfolio have disappeared.

What exactly were they doing investing in rare coins anyway?

Excerpt: "That is about 20 percent of the $55 million investment by the Bureau of Workers' Compensation, which got into rare coins in the late 1990s as a way to hedge its investments in stocks and bonds."

We knew the state of Ohio was being mismanged, but this is ridiculous. No wonder Gov. Taft has the lowest approval rating in the country. 19% approval, 74% disapproval.

Thoughts?   Add Comment -

Scott Griffith said on May 31 2005 at 12:20pm
I'm no Taft defender, but it's hard to pick on him for the coins when he wasn't around for the start of that.