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Wednesday, December 11, 2019  Spokane, Washington  Est. May 19, 1883
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Huckleberries Online

Sis: Luna Can’t Manage Investments

RE: Supintendent Luna loses money on his investment homes/Dan Popkey, Statesman

Sisyphus: The question here every Idahoan will ask is whether you want a guy who borrowed money to make a high risk speculative investment to handle the state endowment funds. Luna has fiduciary obligations to the state and its children to make prudent investments to maximize income for the purposes of education. Nobody wants him risking a dime of that principal. They should be questioning his judgment even if he lucked out and made money on it. But he didn't, causing him to invade his other long term secure investments, giving greater cause for concern.

Question: Do you agree with Sisyphus that Superintendent Tom Luna might not be the right person to sit on the board in charge of Idaho's endowment funds after losing money on his own investments?




D.F. Oliveria
D.F. (Dave) Oliveria joined The Spokesman-Review in 1984. He currently is a columnist and compiles the Huckleberries Online blog and writes about North Idaho in his Huckleberries column.

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