This kind of attitude solves nothing! Be sure to contact Vicki Truitt at Vicki.Truitt@house.state.tx.us and let her know its a horrible idea for any money to be invested in Iran!

Texas Employees Retirement System, Austin, is being encouraged to think twice about divesting any Iran-related investments. Texas state Rep. Vicki Truitt, chair of the House Committee on Pensions and Investments, sent a letter Monday to Bill Ceverha, chairman of the board of the $24 billion fund, urging him and other board members “to continue making prudent policy decisions for the exclusive benefit of the members, and not allow external pressures and demands to affect your decision-making.” The letter was in response to a Sept. 25 letter Gov. Rick Perry sent to officials of the ERS and the $111 billion Texas Teacher Retirement System, Austin, asking them to divest all stocks of companies doing business with Iran.

Ms. Truitt, in her letter, argued that “any attempt to alter the optimum investment strategy recommended by the system’s investment professionals (is) especially troublesome,” and “any use of the assets of the trust for purposes other than those that will benefit the members, risks violating the Texas constitution, endangers the system’s tax-exempt status, and potentially breaches the board’s fiduciary duties as trustees.”

SOURCE