Thursday, September 20, 2012

College Illinois fund to take bath on Fisker Auto Investment

Crain's Chicago Business reports on the Chicago Way:
The state agency managing the College Illinois prepaid tuition program expects to lose more than half its $10 million investment in luxury hybrid-car startup Fisker Automotive. The Illinois Student Assistance Commission, which runs the $1.1 billion fund backing the college savings plan used by more than 30,000 Illinois families, disclosed the bad news
Great moments in corruption.