SJR 8223 (Washington State)Posted 20 October 2012 by Bob Chapman
Didn’t we learn something about investing money during the past few years? Particularly, for governmental bodies?
In case you have forgotten, there is the Toyota Center in Wenatachee, Washington. Central Washington University invested in the Toyota Center bonds, and faced losing its investment. That investment was legal because it was for bonds from a government agency.
So, we want to allow the University of Washington and Washington State University to invest in the stock market?
I don’t think so.