Intro: Wall Street lows have caused the Missouri State Treasurer's Office to host workshops teaching government agencies how to safeguard their investments.
Brenda Martens has more from the State Capitol. Various state government offices look to the State Treasurer's Office for policies to keep their investments safe.
State Treasurer Sarah Steelman says some state agencies have safeguards in place but more knowledge doesn't hurt.
Steelman's policy avoids many types of investments in insurance companies, brokerage firms, and banks.
The first workshop is for the Missouri Association of School Administrators on October 7.
Reporting from Jefferson City, I'm Brenda Martens. Intro: The Wall Street turmoil causes state government agencies to seek advice from the Missouri State Treasurer's Office. Brenda Martens has more from Jefferson City. On October 7 the Missouri Association of School Administrators will take part in a workshop presented by the State Treasurer's Office. State Treasurer Sarah Steelman says her office hopes to show different government agencies ways to safeguard investments. Reporting from the State Capitol, I'm Brenda Martens.
Actuality: STEEL2.WAV
Run Time: 00:13
Description: Some of them might have those kind of things in place already, but we were getting enough phone calls that we thought it might be helpful to public entities to go through those kind of investment policies that we've put in place that have ensured the protection of tax-payer money.
Actuality: STEEL4.WAV
Run Time: 00:08
Description: What we'll just probably go through with people are what we've been investing in for the past year since the sub-prime crisis.
One part of Steelman's policy is avoiding investing in loans with banks, insurance companies, or brokerage firms.
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