The Florida Retirement System for Florida government employees, including public school workers, is on the verge of becoming the principal owner of a financially failing school-management company that makes its money by supplying private services to operate poorly performing public schools.

Liberty Partners Inc., a New York money management firm whose sole client is Florida’s public employee pension fund, is the primary bidder in a move to buy out Edison Schools Inc., which has never turned a profit. The beleaguered 11-year-old, publicly traded Edison has aggressively pushed to contract with school districts to run public schools, including Reeves Elementary School in Miami.

Liberty Partners, along with Edison founder and Chief Executive Officer Christopher Whittle, have proposed paying shareholders about $110 million from Florida’s $93 billion pension fund. It’s not yet decided if the pension fund, or some other investor, will absorb Edison’s debt, which would cost $70 million more.

Florida AFL-CIO President Cynthia Hall, AFSCME Florida Council 79 President Jeanette Wynn, Service Employees International Union (SEIU) Southern Region Director Keith Maddox and Florida Education Association (FEA) President Andy Ford wrote a letter to Gov. Jeb Bush, who sits as chair of the State Board of Administration, denouncing the deal as “an unsound economic decision†and demanding that “action to reverse the decision should be taken immediately by the State Board of Administration.â€/

Was that I-can-carry-a-gun-on- gov.-property-and-you-can’t-stop-me-federal-police Janet?

She got booted eventually, no? At least as far as K street

Or is that a dream I should be having at this hour in the Blue(and one-foot-snow)WhiteState?

help me EW.

Do they fly him around the country? Annual retainer or outrageous speakers fees? Hiring other friends and family? A Member of the Board would have to show up for meetings, but a consultant could merely lend his name to the letterhead and reap a windfall.

Knowing the dates would be helpful. Someone in Florida knows when they bought the used toilet paper from Lehman. Since Lehman is publicly traded, a FOIA request might even bring back some pertinent information from that end.

The best part is that evidence of financial shadiness might make him even less appetizing as a candidate to the Republicans. Not so much that his dealings caused major losses to those he was supposed to protect, but that evidence crawled across television screens. If there is anything the Republicans hate, it is publicity for their malfeasance.

yup — i am actually
beginning to think there
may be some more significant
stuff in these latest three
DOJ sets — maybe even more
than just an email to get a christmas
cookie recipe [complete
with falsified frosting!],
or two, from dana perino. . .

i think i’ll go back and take
a deeper dive, tomorrow — but
for now, i’m off to snooze. . .

p e a c e

And btw, as a result, we now know that Dana Perino’s WH email address is Dana_M._Perino@who.eop.gov

Just in case anyone wants to get her recipe for crow.

back then being as of early-march, 2007.

take a look.

p e a c e

They just found a perfect pigeon for Jeb to pluck on his way to the White House, since his brother already was plundering Texas. He also had Barbra Harris in place in 2000 for …..

Some coincidence!

Janet Rehnquist, daughter of the late Chief Justice, was Inspector General at the Department of Health and Human Services from August 2001 to March 2003. She replaced numerous senior staff including all six of her deputy inspector generals through involuntary retirements and reassignments. She delayed an audit of Florida’s pension fund before the 2002 election in which the President’s brother Jeb Bush was running for re-election. The audit would have shown that the fund had lost $300 million in the Enron collapse.