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Message: From GoLocalProv by Michael G. Riley, GoLocalProv MINDSETTER™: After a series of campaign statements touting his performance and the fact that he would produce returns that would improve the Pension Plan Status in Rhode Island Seth Magaziner is on the verge of producing the worst returns in decades. The combination of a confusing, complex and expensive pension portfolio left to Magaziner by Gina Raimondo and the obvious fact that Magaziner lied about his experience and resume have produced a disaster. At the moment Raimondo and Cliffwater's hedges are melting down with the Junk bond market. It is inexcusable that Pension beneficiaries are exposed to junk bonds. But Raimondo apparently approved calling it “a hedge.” http://www.golocalprov.comhttp://beta.golocalprov.com/riley-spin-doctor-seth-at-it-again