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Jesse Jackson, Jr.

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SEC Nails Squeezy the Pension Python

Squeezy, the Pension Python, is a snake, and it is quite common for snakes to settle securities fraud charges without admitting or denying guilt.On Monday, the Securities and Exchange Commission announced it had settled securities fraud charges with Illinois. The state agreed to pay no fine, admit no guilt, and never again do what it didn't admit to doing in the first place.Squeezy was not mentioned by name in the official SEC press release. But the alleged fraud involved misleading bond investors about Illinois's long-troubled pension system, so you can bet this villainous cartoon snake was involved.In November, Illinois Democratic Gov. Pat Quinn introduced Squeezy as a mascot in his grassroots campaign for pension reform. Squeezy is putting the squeeze on the state's finances. Get it?The campaign offered no solutions and was immediately ridiculed by Mr. Quinn's critics as juvenile. But what else is the guy supposed to do? Illinois pension funds for public employees--including teacher...

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  1. Public Option Express

    August 21, 2009 10:45 PM UTC by John StosselPublic Option ExpressTuesday night, Rep. Jesse Jackson, Jr. (D-IL) told CNN’s Larry King that a government-run health ins...

  2. Blago to FBN: I'm not Throwing in the Towel

    Blago on Impeachment Hearing

  3. Trump on Blagojevich Scandal

    Trump on Gov. and Jackson Jr.

  4. Cavuto's Deal: Wham Bam, no thank you Bam

    12/10/08

  5. Housing Secretary Possibilities

    housing and development secretary

  1. Dobbs: NYC Mayor is Financing Assault on 2nd Amendment

    FBN’s Lou Dobbs on New York City Mayor Michael Bloomberg’s efforts to ban items from soda to guns while the city faces issues with its educational system and rising homeless population.

  2. Flawed Premise Behind Minimum Wage Bill

    There's a very simple supporting argument behind Rep. Jesse Jackson Jr.'s proposal to raise the federal minimum wage to $10 an hour from $7.25.It is this: Inflation ...

  3. Would an Increase in Minimum Wage Help the Economy?

    FBN’s Liz MacDonald on Rep . Jesse Jackson Jr . pushing for a federal minimum wage hike to help the lower tax brackets in the U.S.

  4. Higher Minimum Wage ... Lower Jobs Growth

    It sounds like a great idea to help lower wage workers and college graduates -- and the U.S. economy.Democrat lawmaker Rep. Jesse Jackson Jr. is now backing a bill t...

  5. Reality TV Bites Blago at Sentencing

    U.S. District Judge James Zagel may have set back a new trend in reality TV by years.Before slamming former Illinois Gov. Rod Blagojevich with a 14-year prison sente...

  6. Capturing the Black Vote in 2012

    Tea Party 365 Founder David Webb and Democratic strategist Carl Jeffers debate the battle between Herman Cain and President Obama.

  7. Politics Getting in the Way of American Recovery?

    Reps. John Garamendi, (D-Calif.), and Phil Gingrey, (R-Ga.), debate the election in New York and future of Obama’s latest jobs bill.

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