I am having a great deal of trouble believing that an "unbiased" review of the program will be provided to the Governor and the Legislature by the RSA.

As many of you know that attended the May PACT Board meeting, Bradley Byrne stated that Paul Hubbert was the greatest impediment to getting a legislative "fix" done in the last session.  Now, the "soundness" of the program will be evaluated by the RSA of which Hubbert sits on the Board, as does Kay Ivey.

Bronner has already commented that they would manage the funds if the state agreed to make up any annual shortfalls as needed (i.e. - guarantee).  One of his minions (Marc Reynolds) stated in May that "parents and citizens could have a financial role to play in keeping the program afloat."   HELLO..... Who the heck does he THINK has been keeping it afloat?

Now, we have Reynolds spouting off that the program has a "grim prognosis".....Because it has lost 50% of its value.....That apparently is incorrect.  The Loss was 34% .....RSA's OWN funds lost 35%.   But their program is fine....IT IS GUARANTEED.

I am beginning to think this is just a way for the RSA to have more "seed" money to invest as they want.  I am just not sure how many more golf courses and hotels we really need in Alabama....

If the RSA KEEPS trashing the program, more and more are going to drop out and that will inevitably spurn more lawsuits....is that what we want?

The only positive I see from last week's news is the statement posted on this website by Folsom. 

By the way, do we really spend 30 million a year in management fees?