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Louisville Still Cannot Afford To Fund That Disaster

November 27th, 2012 by jake · No Comments

Way back in June, we questioned whether Louisville Metro Government could continue funding the mess at Kentucky Retirement Systems and people freaked out.

We brought it up in March, as well.

None of that should come as a surprise.

It’s no secret that the KRS lost more than $100 million trading currency derivatives in offshore arrangements while paying $7+ million in fees. One, two, three, four, five, six, seven.

Also not a secret that the Commodity Futures Trading Commission has indicated in the press a few times that it is interested in regulating currency derivatives.

You’ll probably want to read the rest of this disaster by CLICKING HERE

Tags: Metro Government · State Government

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