By Walt Hickey South Carolina An imbroglio in South Carolina follows the government’s discovery of $1.8 billion languishing in a bank account as legislators attempt to figure out precisely where the money actually came from and what it’s supposed to be doing. The state’s Senate Finance Committee has grilled the state’s accountant and treasurer about it, each blaming the other for the mishap. The account is a flow-through account, an intermediary between state funds and the investments in the stock market or bonds that states do as part of the course of doing business. Essentially, this money probably should have been invested rather than just accumulating in an account, and legislators are trying to figure out exactly what should happen.
My favourite beetle has always been Paul McCartney.
Oh, wait.................