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Metsger calls for Treasury reform

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High Five
Thursday, April 22, 2010

As furor builds over the behavior of state Treasury investors, state senator Rick Metsger is calling for extensive reforms.

Metsger, who is running to become Oregon's next treasurer, told the Oregonian he wants to reform the state's travel and ethics laws. His opponent, interim treasurer Ted Wheeler, cautioned that complex changes should not be rushed through.

Both candidates are responding to a public records investigation by Oregonian reporters Les Zaitz and Ted Sickinger.

The newspaper found that state investment officers often travel in luxury at the expense of the investment firms they are overseeing, claim state reimbursement for meals they've been provided for free, and use lodging that exceeds state spending limits.

"You don't need a months-long study of current practices to know that some things are just plain wrong and unacceptable," Metsger said in a statement.

Read the latest at Oregon Live.

 
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