Questions for the Investigators of the Indiana Pension Funds

Here's a few things that I feel should be looked into as you investigate the activities of the three Indiana State pension funds.

1. Was it greed that caused them to gamble by investing in high interest bonds from a company clearly headed for bankruptcy? It was pretty clear to most, including the owners of Chrysler last year that they couldn't make it and were headed for bankruptcy. Thus any money invested in the failing company had to be backed by high interest bonds to offset the high risk.

2. Are the three state funds managed by the same group? It is interesting that the three vocal holdouts of the Chrysler settle are all state funds from Indiana.

3. What would an audit of those pension funds reveal? Would it show that their investment in Chrysler bonds last year was a "Hail Mary" move to try and replace missing or mismanaged funds?