Newly re-elected Gov Perry now wants the teacher's pension fund to drop over a half-billion dollars in this risky fund. What the hell is this guy smokin?
Gov. Rick Perry is asking the Teacher Retirement System, Texas' largest pension fund, to consider investing up to $600 million in young companies that receive money from Perry's emerging technology fund.
Last year, Perry persuaded lawmakers to put $200 million into a new Texas Emerging Technology Fund that invests in startup companies and public research projects. Perry wants the state to up its bet and is asking for the Teacher Retirement System investment.
http://www.mysanantonio.com/sharedco...D8LEB4KG0.html
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