Thieves in High Places: Rick Perry’s Cronies Rake Off Teacher Retirement $

It’s no secret I support Bill White for Texas. I saw what Mayor White did
for Houston and for storm refugees from New Orleans during Katrina and Rita. As if Rick Perry’s shenanigans with political supporters as college trustees weren’t enough, now comes news that he’s also installed cronies to run the Teacher Retirement System in Texas
and to nobody’s surprise, as his friends’ fees have increased, the TRS investments’ performance has decreased. Sure, all 401s and pension funds in the market have taken a hit thanks to the George W. Bush recession — but this is just skimming from teacher pensions.

I’m ready for a new governor!


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