LASERS Loses $50 Million (1993)
Louisiana: The State We're In
Details
Collection:LPB
Genre: Newsmagazine
Place Covered: Louisiana
Copyright Holder: Louisiana Educational Television Authority
Date Issued: 1993-10-22
Duration: 00:13:27
Subjects: Louisiana State Employees' Retirement System | Economy
Contributors:
- Collins, Robert Host
- Duhe, Jeff Reporter
- Strickland, Vernon Interviewee
- Stansbury, Harry Interviewee
- Craig, Rodney Interviewee
- Landrieu, Mary Interviewee
Description
This segment from the October 22, 1993, episode of the series “Louisiana: The State We’re In” features Jeff Duhe’s report on LASERS, the Louisiana State Employees’ Retirement System, losing a reported $50 million due to risky investments, including inverse floaters and interest-only mortgage-backed securities. He interviews: Vernon Strickland, former LASERS investment officer; Commissioner of Securities Harry Stansbury; Rodney Craig, assistant state treasurer; and State Treasurer Mary Landrieu. Host: Robert Collins