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Rod Blagojevich

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. Former Ill. Gov. Ryan Can Appeal: Supreme Court

    The U.S. Supreme Court held Monday that former Illinois Gov. George Ryan, currently serving a 6 1/2 year stretch in federal prison for racketeering, conspiracy and o...

  2. Cashing In on White-Collar Crime

    Federal Prison Alternatives founder Patrick Boyce on helping criminals prepare for prison.

  3. Illinois Continues to Pile Up Red Ink

    Illinois Comptroller Judy Topinka on the state’s continued efforts to right its ballooning debt.

  4. Can Illinois Afford Union Regulation?

    Illinois State Rep. Ed Sullivan on the impact of union regulation in the state.

  5. Federal Regulators Sue Rahm Emanual Over Housing Plan

    FBN’s Gerri Willis on the potential illegality of a Chicago plan to boost the city’s housing market.

  6. 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...

  7. Blago Gets 14 Years

    FOX News Legal Analyst Tamara Holder on the sentencing of the former Illinois Governor.

  8. Blagojevich Sentenced to 14 Years

    FBN's Adam Shapiro with news that former Illinois Governor Rod Blagojevich has been sentenced to 14 years in prison for corruption, plus a market update.

  9. Work-Release Would Free Caged Executive Talent

    He's 64 years old. He's a convicted felon with a shaved head. He's locked up in prison. And even with the nation's unemployment rate at 9.1%, he can still find a job...

  10. Blago Finally Busted

    FOX News legal analyst Tamara Holder discusses the conviction of former Illinois Governor Rod Blagojevich .

  11. ‘Whitey’ Bulger Capture a Coincidence?

    Radio host Michael Graham on the capture of Boston mobster James Bulger.

  12. Is There Reason to be Optimistic in the Budget Debate?

    FBN’s Gerri Willis on why there are signs of optimism in the budget battle.

  1. Questioning the White House’s Use of Drones

    FBN’s Imus experts debate whether the government should use drones to kill terrorists even if they are American citizens.

  2. Should Armstrong Admit to Doping?

    FNC legal analyst Tamara Holder debates Imus in the Morning’s Bernard McGuirk on reports Lance Armstrong will admit to doping and ESPN announcer Brent Musberger’s comments.

  3. Nurses on Strike in California

    Mark Mix, National Right to Work Committee president, on unions’ involvement in nurses being forced off the job in California, this time over benefits.

  4. Where is Illinois’ Scott Walker?

    John Kass of the Chicago Tribune on the need for reform in Illinois.

  5. John Edwards Avoids Jail Time

    FOX News Legal Analyst Tamara Holder on the results of the John Edwards trial and George Zimmerman’s incarceration.

  6. State Audit Finds Problems With 529 Plan in Illinois

    Illinois State Rep. Jim Durkin on an audit showing the state’s college tuition savings program is $560 million short of its projected obligations.

  7. ObamaCare Cronyism at Work

    Conservative columnist Michelle Malkin on the connection between the president and a health-care grant for innovation.

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