Don’t Be Rhode Island

Last year Diane Bucci, the legislative committee chair for the Rhode Island Teachers Association, told Roll Call: “If you’re connected with billionaires, how do you look at a pension fund? Do you look at people on a fixed income? Or do you look at your friends who can make money from the investments?” Why am I talking about Rhode Island? Well, Governor Matt Bevin would have you believe that turning Kentucky’s pensions into 401(k)s would save the state money. That’s what voters in Rhode Island thought, too — until they found out differently. In 2010,…

Well Kept Secrets Regarding the Pension Crisis in Kentucky

Edward Seidle is hailed as hero in Rhode Island for uncovering corruption, however, his findings from 2013 and 2014 gained no traction in Kentucky. Why is that?   Especially considering national news picked it up: Maybe there was something in this report that would have disrupted their ability to solicit funding from Wall Street?