Let taxpayers make their own investments
Bruce Ramsey’s column about the county’s recent loss of $38 million IOUs from two European “structured investment vehicles” containing “dodgy American mortgages” made by the King County Bond fund raises several questions. [“King County’s Bronx cheer for Wall Street’s bond raters,” Opinion, July 17.]
Why can’t the county reveal what the actual loss was after a settlement was reached?
If this bond fund is currently holding $4.5 billion, the money it has collected from taxpayers, why aren’t our taxes lowered?
Let us, the taxpayers, make our own investments.
Bob Dorse, Seattle