Were they required specifically to invest in Lehman Bros.?? Maybe they 
should have diversified and invested other places after careful 
oversight. No one looks out for self better than self, though I agree 
that requires expertise, and then who do you trust, what's their agenda. 
The farmer never put all his eggs in one basket. Important people to an 
organization don't fly on the same airplane.

William "Chops" Westfield wrote:
> Getting back to the actual subject line, we recently got a message  
> from the local public school superintendent, that starts:
>
>   
>> On September 25th, County Treasurer and Tax Collector, Lee  
>> Buffington, confirmed that the bankruptcy of Lehman Brothers has  
>> "had a direct, negative impact on the (funds currently in the)  
>> County pool."  Since it is a requirement for all public schools to  
>> invest all their working funds into the County Treasury, Menlo Park  
>> City School District funds have been impacted.
>>     
>
> BillW
>
>   
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