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State free of $1B stake in ill-advised securities

The investment made during the Lingle administration was harshly criticized by the state auditor

By Andrew Gomes

POSTED: 01:30 a.m. HST, Mar 05, 2013

~~<p>The state treasury has gotten itself out of a $1 billion investment pickle.</p>
<p>The Department of Budget and Finance has arranged to cash out its remaining position in a huge investment that was hard to exit and attracted withering criticism from the state auditor three years ago.</p>
~~

The state treasury has gotten itself out of a $1 billion investment pickle.

The Department of Budget and Finance has arranged to cash out its remaining position in a huge investment that was hard to exit and attracted withering criticism from the state auditor three years ago. Login for more...



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