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MR. GOLDSTEIN: The fact I had been on these
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boards, I had knowledge of these things.
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MR. SAYRE: That they were investigating them-
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selves?
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MR. GOLDSTEIN: That is right.
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MR. SAYRE: Does that mean we have a disparity
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way of investigating then?
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MR. GOLDSTEIN: Up to that time. Now we have
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got a real good investment advisory group, top people.
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That is in the lav;. That is written in the basic law
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now .
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MR. SAYRE: The lav? places that responsibility
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on you, doesn't it?
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MR. GOLDSTEIN: As a member of the Board,
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I, the State Treasurer is on the Board.
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MR. SAYRE: This is the Investment Committee,
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so to speak?
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MR. GOLDSTEIN: That is right.
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MR. SAYRE: What I cm trying to get at here,
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this doesn't take away the necessity of an Investment
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Committee, but who is responsible for these investments,
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the Committee by itself is that right?
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