Schooling in the Ownership Society: Wisconsin school districts lose millions in shaky investments

Schooling in the Ownership Society: Wisconsin school districts lose millions in shaky investments

Wisconsin school districts lose millions in shaky investments

by Mike Klonsky

With public school districts facing massive state budget cuts, school boards and financial managers are under pressure to get greater and more rapid returns when they invest dwindling reserves, health care funds, and borrowed operating dollars. School districts in Wisconsin, facing an assault from Republican anti-taxers, recently lost millions when they bought into fraudulent packages put together by Wall Street firms like