Ohio CoinGate in their own words

In today's Cleveland Plain Dealer there is a brief article about the latest issue of the Ohio BWC's publication "Workers' Comp Quarterly" describing their "calculated risk-taking" investment policies. You can view the article here.

How odd it is that the Ohio BWC is bragging about the very things that are now in the middle of the scandal itself. Then, as luck would have it, this morning the BWC publication found itself in my mailbox! I wish there was a link to the magazine I could post here, but there doesn't appear to be one on the Ohio BWC website.

My favorite quote from their article titled "Workers' Compensation Invests in Innovation" comes in the description of how the Ohio General Assembly (i.e. the Republicans) loosened the rules regarding investments:

This pioneering approach led to the creation of arguably one of the most meticulous, thorough investment manager selection processes of any institutional fund.

Tom Noe 'arguably' fits the bill! And note the irony of the use of the word 'pioneering'. Tom Noe was certainly one Bush's fundraising Pioneers.