Settlement left Idaho out in the cold

In an in-depth story in the Blue Review, Eric Hayes looks at the failure by state Treasurer Ron Crane to find out how much money Idaho lost during the state’s 15-year foray into securities lending. It could be more than $19 million:

The State of Idaho’s 15-year foray into securities lending may have cost taxpayers more than the $19 million the state has acknowledged, but Idaho Treasurer Ron Crane signed away an opportunity to find out just how much money Idahoans lost — and a chance to get it back — in a confidential settlement agreement in 2012. The settlement resolved a lawsuit the state had filed against KeyBank, according to documents The Blue Review obtained in an investigative project funded by the Idaho Media Initiative . More here.

Thoughts?