The Florida blog wonders why so few people, and so few newspapers, seem excited about the highly curious decision of the Florida Pension fund (Jeb Bush, future presidential candidate, proprietor), to bail out the financially unsound Edison Corporation (privatized-schools-'r-us) by buying 96% of its soon to be worthless stock, paying off its debts, and providing a line of credit for operating expenses.
I suppose Governor Bush likes the irony of using public school teachers' pension funds to prop up the folks trying to reduce if not eliminate the public schools. But that doesn't excuse making what appears to be at best a highly risky sweetheart investment, and at worst betraying a fiduciary duty.
