The investment debacle at the Ohio Bureau of Workers Comp has resulted in jail terms, millions of dollars in losses, criminal indictments, public pillorying of politicians, and a change in the Governor’s office.
As if that wasn’t enough, Moody’s now informs us that the $300 million in losses will affect the state’s economic outlook. The big investment firm downgraded Ohio’s economic outlook to negative from stable.
The downgrade may result in higher interest rates, raising the state’s cost of borrowing for public works projects. And all because a few political hacks took advantage of their connections.
Feb
22
