March 10, 2005

via MaxSpeak : Nothing like a little peer review from a fellow conservative.

When I first saw Luskin on television a few months ago forcefully advocating private accounts, I did a double-take. The last time I remembered seeing or hearing about him previously was several years ago, but I did not remember much about him. A fast internet search brought it all back in a few seconds. For those not familiar with Luskin's past, in 1999 he started a mutual fund firm called The results were ugly; the company's two funds quickly lost a shocking percentage of investor funds, and had to be on


Another example of the hypocrisy that surrounds this issue: Consider the case of the rapidly disappearing campaign fund of Senate Majority Leader Bill Frist (R-Tenn). Judging by the staggering losses Senator Frist's fund has incurred in its stock market investments, one might think he had the misfortune of investing in Don Luskin's funds. The Washington Post dissected this disaster here:

According to the article, Frist's investment losses were so severe that the fund was unable to cover a large bank loan.

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