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AP Interview: Ark. treasurer wants to fix problems

Treasurer Martha Shoffner says she wants to correct problems identified by legislative auditors who questioned her office's investment practices, and says she won't step down over the findings.

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HogsNHuskers - 9/21/2012 12:08 AM
0 Votes
Was born in Nebraska but been in Arkansas for the last 18 years. I'd probably root for the team that had the most to gain from a victory.

ArkansasYankee - 9/19/2012 8:46 PM
0 Votes
Appreciate the info Nebraska. So if they played each other, which would you root for? Just curious.

HogsNHuskers - 9/19/2012 5:28 PM
0 Votes
ArYank, In a word, no. The broker likely made a commission off of the sale and purchase but more than likely only in the 0.25%-2% range. (being large sums of money, probably closer to the 0.25%). What is not being reported is if the sale and purchase of these bonds resulted in a higher interest rate being paid to the state. This might be a short term loss in exchange for a long term gain, we just don't have enough information from the story to know if this was a good move or a dumb move. But it is highly unlikely that eith the treasurer or the broker profited off of this outside of a commission payment.

ArkansasYankee - 9/19/2012 4:36 PM
0 Votes
I'm not familiar with stocks and bonds. Never had any interest in them, so my knowledge is limited concerning these things. Yep, Dude and Bub, there is something I'm not an expert on. Anyway, I'm curious, and I'm sure there are those on this forum that can answer a question for me if they don't mind. If our Treasurer lost almost $60K in a bad business deal, does that mean someone made almost $60K? Like her, or the broker, or both? Just curious. Thanks for any answers.
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