And you thought the GOP was the party of business.
The GOP party blog tweaks (and party's deputy chair tweets) that State Auditor Rebecca Otto is a do-nothing DFL officeholder for publishing the 2008 investment report for public pensions this week.
As we have reported before, these boys love to lie with facts.
For those party apparatchiks who have never worked in the world of finance, you can't even begin to audit investment fund financials until after the close of the year. That's why public companies don't publish their annual reports in the same year they are reporting. And as you might think, given the way financial markets have behaved in recent years, you want to do the job right.
But facts have never hobbled Michael Brodkorb and his junior trainees.
So here they are. Otto in blue below consistently filed her reports 12 and one-half months after the close of the reporting year.
Her GOP predecessor Pat Anderson's reports ranged between 11 and one-half months (no doubt to be in time for the busy holiday audit-report-reading season) and 14 months or so. The 2002 report mentions only the month and the 2001 report is undated.
Reporting Year Report Date
2008 January 2010
2007 January 2009
2006 January 2008
2005 December 2006
2004 December 2006
2003 February 2005
2002 March 2004
2001 Undated
