I see that Norman Hsu has been indicted for swindling investors in a $60 million fraud scheme.
This is what should happen to our state treasurer, David Lemoine, who has lost $20 million of public money in the sub-prime debacle, but it won’t happen because the liberal Democrat leadership in the legislature won’t allow it. Talk about hands in the cookie jar.
It appears that the party in power has little feeling for the Maine citizen who is caught in the terrible bind of high taxes and high oil prices. $20 million is a lot of money to lose, due to the poor oversight of the treasurer.
It is especially grievous when most brokers were telling their customers to get out of the subprime field way back in the late spring. Perhaps if it had been his own personal money, Lemoine would have been more careful, but, what the heck, it was only public money after all.
The excuses that Lemoine used in the Dec. 2 guest column were just that, and what the taxpayers of Maine should be getting is accountability and a fix to prevent it from ever happening again.
Th situation is a typical example of political appointees being put into jobs that they are not qualified for. When will Mainers demand accountability? After all, it is our money.
George A. Fogg,
North Yarmouth
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