Sunday, June 30, 2013

Markell fesses up to losing $20 million on Fisker, but ...

... it's still Treasurer Chip Flowers who needs to be reined in on financial issues?

OK, so technically Jack didn't admit he made a mistake (he doesn't do that).  He only admitted that Fisker was bankrupt and--by extension--that the State of Delaware has zip, zero, nada chance of recovering the $21.5 million (plus) that we loaned gave them.

You know, maybe if Markell had consulted a financial advisor, he'd have discovered that it was a bad idea before he lost enough money to give all State employees a raise.

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