Run the government like a business, he said….
Sheesh…
Pennsylvania Gov. Tom Wolf has been in strong shape for re-election all cycle, and he continued his dominance by widely outraising his Republican challenger, state Sen. Scott Wagner, over the last several months. But the most amazing detail to come out of the candidates’ new financial reports is the fact, uncovered by Daily Kos contributing editor Adam Bonin, that Wagner reported losing $631,000 in campaign funds between June 5 and Sept. 17 thanks to unsuccessful investments in a brokerage account.
As Bonin notes, it’s astoundingly irresponsible to invest donor money, as Wagner’s huge losses show. In fact, an earlier report saw Wagner’s investments drop by astounding $1.5 million, though in other periods, he’s seen gains—but that’s exactly the point: The extreme volatility of investing in securities poses a huge risk to funds that contributors are entrusting to you. What’s more, the stock market has made solid gains this year (the S&P 500 is up over 9 percent in 2018), so how in the hell did Wagner manage to lose so much money while most investors were doing well?
That’s gotta be illegal.
Bitcoin strikes again. These reactionary ghouls love the idea of crypto currency.
‘running government like a business’ is the stupidest thing ever mention, tried, said, thought of, etc
Holy shit. Where are the finance reports?!?! I can’t wait to make some bloody Maries with homemade bacon vodka, and dive into these hot numbers.
Found them!!!
BTW: I’m opening up a campaign finance investment firm leveraging my gambling skills in reverse teaser parlay cards. #FadeThePublic
Where do I invest… I mean donate?
If that’s legal it leaves a loophole wide enough to drive an armored car through for abuse / conversion of funds to personal use.
Someone should ask him if he feels confident enough in his investing acumen to handle the state pension fund.