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Here is an excerpt that may or may not get pulled...

" Also Thursday, Orr signed an order authorizing an investigation of the city’s pension funds, including its investments and management. The investigation is expected to conclude in 60 days with a report from the auditor and inspector general. At that time, Orr will know whether he needs to remove the pension funds’ trustees and have state Treasurer Andy Dillon appoint a sole trustee. Orr told The News on Monday that he is might install a professional financial manager to oversee investments."

Wow...

Multiple Hints here..

* 1st, we will get the real numbers and look into who's running these things.
* Which makes you wonder, if Orr is sending a warning we think their is hanky-panky going on
* And again no BS numbers for this guy, these numbers will be the numbers and not political spin.
* And most important look, we may give you a new Trustee ( my guess is they won't like Andy Dillon)
* And we will hire a professional financial manager to oversee investments...

Imagine that, One professional firm, hmm, is Orr reading my post? A while back I said go with a low-load firm like Vanguard. No matter who he picks my guess is they will have gravitas and it won't be political hacks and lackies picking the investments.

Multiple Paradigm Shifts to right this sinking ship and running this by GAAP and FASB standards so that somepoint, maybe they can sell Bonds again...

Again I say, this is all gonna go over like a loud Fart in Church...