Search This Blog

Friday, August 20, 2010

New Jersey!

For a quick hitter, back to the You-Can't-Make-This-Stuff-Up Dep't, the following is from a recent SEC release:

The Securities and Exchange Commission today charged the State of New Jersey with securities fraud for misrepresenting and failing to disclose to investors in billions of dollars worth of municipal bond offerings that it was underfunding the state's two largest pension plans.

Can't you just hear Fred Armisen's Gov. David Paterson snarling, "NEW JERSEY!"

No comments: