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LASERS Loses $50 Million (1993)

Louisiana: The State We're In



Genre: Newsmagazine

Place Covered: Louisiana

Copyright Holder: Louisiana Educational Television Authority

Date Issued: 1993-10-22

Duration: 00:13:27

Subjects: Louisiana State Employees' Retirement System | Economy


  • Collins, Robert Host
  • Duhe, Jeff Reporter
  • Strickland, Vernon Interviewee
  • Stansbury, Harry Interviewee
  • Craig, Rodney Interviewee
  • Landrieu, Mary Interviewee


This segment from the October 22, 1993, episode of the series “Louisiana: The State We’re In” features Jeff Duhe’s report on LASERS, the Louisiana State Employees’ Retirement System, losing a reported $50 million due to risky investments, including inverse floaters and interest-only mortgage-backed securities. He interviews: Vernon Strickland, former LASERS investment officer; Commissioner of Securities Harry Stansbury; Rodney Craig, assistant state treasurer; and State Treasurer Mary Landrieu. Host: Robert Collins