After Writing Stories, Blade Seeks Facts
For two months, the Toledo Blade has published near daily stories implying imprudent and unlawful activity in the management of a rare coin fund investment made by the Ohio Bureau of Worker's Compensation with a prominent state Republican supporter, Tom Noe. The stories have resulted in the BWC deciding to wind down the investment (one of the best performing in its portfolio) and Mr. Noe to resign from the Ohio Turnpike Commission.
Now, the Blade is trying to find out if there are any facts to back up their story.
In a lawsuit filed with the Ohio Supreme Court to force the BWC to make public detailed information on the fund's transactions, the Blade states, "It is impossible to know whether the Bureau investments have been prudent or...lawful, without knowing what the investments are...without first knowing the facts..."
Obviously, it is not impossible for the Blade to pretend to report the news without first knowing the facts.
Liberal state senator Mark Dann from Youngstown has been the drooling champion of the Blade's politically motivated attacks. In one of many disingeniously melodramatic statements, Mr. Dann said, "I will be fascinated to find out if there is $50 million there...I would be absolutely surprised if there was."
There were never any quotes from Mr. Dann explaining what made him so sure there was anything missing when he had yet to get any details from the Bureau.
The Bureau is hesitant to release details because they are about to liquidate the entire holding. Obviously, making public every last item in their inventory, what they paid for each one and what they hope to get is not going to put them in a very good position when they go to market.
But putting the Bureau in a bad position and reducing their success at selling off assets would be great for the Blade and Dann. The whole reason for the attack in the first place is that a successful program was being run by a Republican. Limiting that success at every turn is the Blade's goal - regardless of whether it is good for the state.
