SC

Why Curtis Loftis’ Fight Matters

PENSION FUND ISSUES SCREAM FOR REFORM Since he took office in 2011, S.C. Treasurer Curtis Loftis has been one of the only elected officials to put his campaign rhetoric of “transparency and accountability” into tangible action. Nikki Haley? Not so much …  And while Haley has rushed headlong into the…

PENSION FUND ISSUES SCREAM FOR REFORM

Since he took office in 2011, S.C. Treasurer Curtis Loftis has been one of the only elected officials to put his campaign rhetoric of “transparency and accountability” into tangible action.

Nikki Haley? Not so much … 

And while Haley has rushed headlong into the arms of the status quo she claimed to be fighting against, Loftis has done the opposite – aggressively challenging one of the state’s most corrupt, entrenched bureaucracies, the S.C. Retirement System Investment Commission (SCRSIC).

Last September, this website exclusively reported on $1.4 million in bonuses paid out by commissioners to the managers of this $25 billion fund – a surprisingly tone deaf move considering its abysmal results.

The only elected official who opposed these bonuses? Loftis – who has been deftly exposing the failure of this fund as well as the shameless self-serving behavior of its corrupt commissioners, led by Reynolds Williams.

Has so-called “reformer” Haley helped Loftis out? Absolutely not. In fact her appointee to the commission led a recent effort to censure Loftis – and she’s been working behind the scenes to block an audit of its corrupt activities.

Loftis – who has now drawn a status quo primary opponent as a result of his tenacity – remains undeterred.

And with good reason …

According to a report released by hedge fund Bridgewater Associates this week, America’s public pension funds are likely to achieve only four percent returns moving forward – meaning a whopping 85 percent of them will go bankrupt over the next three decades.

Public pension funds currently have $3 trillion in assets – but have at least $10 trillion in obligations. To meet that burden, these funds would have to return nine percent – more than twice the Bridgewater projections.

“With the 30-Year long bond yielding a mere 3.5 percent and with stock valuation through the roof, I expect negative returns for 7-10 years,” pension fund expert Mike Shedlock wrote in response to this report. “Stretched out over 30 years, four percent seems about right. Nine percent is out of the question.”

There you have it …

Numbers like that are precisely why Curtis Loftis is fighting the good fight against our state’s incompetent, self-serving pension fund leaders – and why it is so disappointing that Nikki Haley has thrown her support behind the corrupt status quo. Fortunately, Loftis got some help in his efforts recently from S.C. Rep. Jimmy Merrill – who cut bonuses for commission staff from the upcoming state budget. We urge Merrill’s colleagues to support his efforts – and to oppose efforts by S.C. Sen. Hugh Leatherman to restore this money to the budget.

More importantly, we urge them to follow Loftis’ lead in bringing long-overdue accountability to this fund …

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117 comments

Smirks April 11, 2014 at 8:54 am

If we keep getting substandard returns for the next several decades and the funds start drying up, you’re going to have a scenario of either taking it out of the state employees’ asses or making taxpayers eat it. It’ll probably end up being a combination of both, and both options are entirely bullshit.

Loftis isn’t just looking out for the taxpayers, he’s looking out for state employees too. Too bad the powers that be are only interested in lining their own wallets at the expense of everyone else.

Loftis would make a pretty decent governor, which we haven’t had in quite a long while.

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Phil April 11, 2014 at 10:00 am

Wow! You have just made up my mind for me to vote for BRIAN ADAMS (www.votebrianadams.com) in the primary. Better stop Loftis here or…can you imagine him as governor?! God help us, and I thought it couldn’t get any worse. Silly me.

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Smirks April 11, 2014 at 11:12 am

Have fun with that.

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Matt April 11, 2014 at 8:32 pm

Thanks for link to Brian Adam’s website. Another tea party candidate, yuck, but least it gives voters options. Options are always good in primaries. Looks like Brian Adam’s is coming out swinging in his attacks on Loftis:

http://votebrianadams.com/news/

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Jon April 12, 2014 at 2:59 am

One negative attack after another against Loftis. No one it substantial and almost all of it twisted facts, as best I can tell.
More dirty politics by hired political consultants.
I am voting for Loftis.

Matt April 12, 2014 at 4:21 pm

Isn’t that the exact same thing that Loftis (and Haley for that matter) do constantly, twisted facts. Lets be realistic here, all politicians do it, some just a lot more then others. Especially tea party dopes like Haley, Loftis etc.

Susan April 12, 2014 at 11:18 am

This absurd, anonymous comments attacking Loftis represent the kind of government and politics we simply must leave behind. it is the worst of human nature and to think supposedly intelligent people would attack in such a mean spirited way is amazing.
South Carolina could be such a wonderful place. let’s leave hate speech at the door and deal with issues.

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John Boy April 11, 2014 at 4:23 pm

I’m leftist as hell, but I would vote for Loftis in a minute.

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Tom April 12, 2014 at 1:05 pm

These filthy attacks are why good people don’t enter politics. It is easy to lie about public figures. I was in politics for a while and it made me ill.

I hope Mr Loftis stays the course and keeps his faith. The insiders are not going to let up until they get total control of “their” money back. And being from Florence I can tell you they like having control of your money.

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Kelly April 14, 2014 at 4:58 pm

These personal attacks about Loftis a messed up. I have never seen such comments. The Investment Commission should be embarrassed and investigated. Any group that can out hate the Klan should not be managing my retirement money.

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BK April 11, 2014 at 8:58 am

This is by far the foulest, most obviously paid-for advertisement I’ve ever witnessed on this site. Loftis is no superhero. That’s blatantly obvious in that he has no clue about how to do his job and often complains of being confused by the very tasks/responsibilities he was elected to carry out. That’s not my point. My point is this – fitsnews is obviously a paid advertisement for the likes of Loftis (and Ravenel and Sellers…etc) where uncomely politicians can pay for seemingly innocuous endorsements disguised as articles touting phony accomplishments, when the truth is that these officials/candidates are even more corrupt than the status-quo pols fits purports to rail against. I would like to see some real transparency here, Mr.s Folks, Loftis, Sellers and Ravenel. How about lets see how campaign funds are sent to this website. Hmmm?

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Smirks April 11, 2014 at 9:08 am

Not going to completely dispute the “paid advertisements” claim or the call for transparency in where FITS gets its money. I think the former is highly likely, at lesat in some circumstances. I think the latter would absolutely be a good move for any political group or site that calls for similar transparency in government, lead by example and such.

What I will say is, how is Loftis more corrupt than the status quo guys trying to hide shit? How is Loftis trying to screw us over more than that asshole Reynolds or any of those other fuckers? There seems to be a lot of shady stuff going on that Loftis is trying to shine a light on.

I see the crap regarding a lot of politicians FITS touts (Sanford, Davis, Sellers, etc.) but to be quite honest I don’t see how Loftis is such a bad guy. Give us some objective evidence that he “has no clue about how to do his job” and maybe some of us would change our opinions.

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Will Folks aka Sic April 11, 2014 at 9:46 am

Paid ad? Ha! Look at the numbers, dude. And click the links in the article. Educate yourself. Stop attacking the messenger for one second and LOOK AT THE FACTS OF THE CASE. Sheesh.

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BK April 11, 2014 at 10:22 am

Completely paid. The facts of the article point to prognostication of a a single hedge fund. Take a look at the market yourself, Mr. Folks. If you’re unable to make money in this market, you’re obviously not following the correct advice. And I think it somewhat hypocritical, a “conservative” like Loftis complaining about people earning bonuses (don’t we want everyone to make more money?). Anyone who invests understands that bonuses are part of the compensation investors make. Historically, South Carolina has a long history of large salaries paid for mediocre performance (Gov Riley, Andre Bauer, Mick Zais, Lou Holtz, et al). Are you saying these “entrenched bureaucrats” lost money for the state? If so, then they should be held accountable. Frankly, and looking at the comments by fellow readers, Loftis’s accomplishment seems merely to be the drawing of an impotent opponent. I will educate myself, as you suggest, but not from the links you’ve provided – links likely paid for by Loftis (given your glowing prose, tripping over yourself to compliment someone while ignoring his lack of accomplishment). I’ve never seen such drool printed in my life. How can you be such a hard-hitter (I have enjoyed your exposure of McConnell, Harrell and Haley) and yet such a softie to Loftis, who, by his own words, refers to himself as being confused about reading an important report? http://www.greenvilleonline.com/story/news/politics/make-your-voice-heard/2014/03/27/secret-service-says-hacking-probe-remains-a-priority/6945869/ In this, my first act of “educating myself” I find a guy who is obviously confused and in over his head. While this story is about an issue that likely falls outside the purview of his his office, his noticeable confusion makes me question his abilities to manage state money. But, again, that’s not my point. My point is that the article is obviously a paid advertisement and should be listed as so and included in Loftis’s disclosure. Mr. Folks, by omission of denial (in your above comment), you’ve proven my point completely.

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Bible Thumper April 11, 2014 at 10:31 am

Confused! Of course. They would not even let Loftis have his own staff review contracts. This act alone raises suspicion. .

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BK April 11, 2014 at 10:36 am

The link I provided was about the hacking of SC data. Not sure what you’re talking about.

Bible Thumper April 11, 2014 at 10:41 am
BK April 11, 2014 at 10:47 am

OK. That wasn’t what I was talking about, but that story, from what I could tell, seems to legitimately address your point. Except that it also points to concerns that Loftis has to have professionals look into contracts because he may not be experienced or qualified to do so, which points to my earlier qualms that my gut feeling of him being too confused for the office. Given that fresh insight, once again I question why Mr. Folks is so blatantly supportive of this guy. Money is the only conclusion, my friend. Mr. Folks is PAID to write this crap!

Bible Thumper April 11, 2014 at 11:10 am

Anyone who runs a state agency requires the assistance and experience of staff in various professions. I have no knowledge of Loftis’ experience or qualifications. I have noticed the personal nature of the acts on him. They have come from many sides. When someone draws so much fire an otherwise uninformed citizens suspects Loftis must hitting close to his target.

As for paying Folks. Reason would indicate there is a lot more money and special interest on the other side.

BK April 11, 2014 at 11:21 am

Any money spent should be divulged. I agree with you about special interests. And for once I’d like to see Mr. Folks admit he was paid to post this article. That’s been my point all along. As for Loftis needing assistance, I can understand that. Though he does appear to be confused in the link I posted (watch the video), which troubles me that an elected official can’t read an important report because it’s too confusing. It makes it easy to get a gut feeling he’s paying for Mr. Folks’s endorsement to cover for his shortcomings in understanding how to do his job.

Bible Thumper April 11, 2014 at 11:38 am

You maybe right, but even a blind pig occasionally finds an acorn. This could apply to Folks or Loftis. If Loftis is wrong, he will do little harm. If he is right, he performs a great service.

I would rather have a little rancor than have unelected officials doing their work without public scrutiny.

BK April 11, 2014 at 11:46 am

That’s just it! We voted for a squirrel, and got a blind pig! Your point is well-taken, except Loftis very well may be causing harm in what he’s doing. Especially if he’s a blind pig. Blind pigs wallow in their own feces. Squirrels know what to do with their nuts. Pigs are filthy animals, or have you never watched Pulp Fiction? https://www.youtube.com/watch?v=c0zJSgHDnpw

Seriously, tho, my point remains that this is obviously political paid advertising. Pure and simple. And Loftis ought to divulge it and Folks should add the disclaimer. That’s all.

Bible Thumper April 11, 2014 at 12:32 pm

It makes me uncomfortable defending Folks. Since help has arrived, I will move behind the front lines.

BankerGuy April 11, 2014 at 11:53 am

The agreements can be 500 pages long. with many attachments, etc..and he may have two or three at a time to deal with. this, along with his other responsibilities?
Loftis now has two lawyers and a full time custody officer helping out to do what he had to do by himself for over two years.

BK April 11, 2014 at 12:05 pm

Banker, I was referring to the secret service report that left Loftis so confused (click the link and watch the video). But I can understand that agreements can be voluminous. However, you bring up a new point – why is Loftis growing his staff with 2 new lawyers and a custody officer? Were the treasurers in the past able to do the job with fewer staff? Did he hire those three because he’s confused on how to do his job? I thought he was a conservative. Growing government is far from what he promised, is it not? I’m guessing these are 6 figure jobs (or are they contractors?). If the likes of Ravenel could run that office without requiring an additional $300K to the payroll, we may have a significant issue here. Or, perhaps Loftis should borrow a page from Ravenel and give cocaine a whirl. I hear it makes reviewing contracts a breeze. But my point all along has been that this article is PAID political advertising. And no one has the balls to deny it.

Banker April 11, 2014 at 12:09 pm

BK, you are just going to complain about anything and everything so just give it a rest. You have posted a zillion times already and that alone says you are nuts.
He cant be perfect so you will never shut up, so what is the point of responding to you or taking you seriously.

BTW, he was trying to avoid divulging confidential and sensitive information. I suppose you would have been happy if he just said, no comment, like the other pols. but he took a rest, told as mush as he could, and we got more info.

BK April 11, 2014 at 12:19 pm

Banker, I appreciate your attempt to silence me. But, the bad news is I’m off on Fridays. Truth is, I’ve never posted on this site before. I got pissed off because Mr. Folks published this obviously paid advertising as if it were a real article. I even voted for the guy! But seeing this for what it is truly pissed me off. So, yeah, it makes me complain. And when I smell a rat, I recognize it for what it is.

I may be nuts, but that doesn’t change the fact that Mr. Folks is publishing paid advertising without disclaimer. Even you don’t refute that. And that’s been my point all along. Loftis is obviously paying Folks to print this crap and pass it off as a legitimate article. And Folks has an obligation to include a disclaimer for doing so.

Banker April 11, 2014 at 12:20 pm

no proof of anything but you are nuts. it is Friday and I am working so I must get off this thing. So you keep posting as every time you do I suspect Loftis gets a vote

BK April 11, 2014 at 12:29 pm

Anything I can do for the cause – just count on me. Calling me nuts does nothing to refute the fact that Mr. Folks is getting paid by Loftis. And I’m certain that’s nothing short of unethical, if not illegal.

Capt April 11, 2014 at 12:57 pm

I worked in law enforcement for a while. I would love see you get asked questions about an international criminal investigation with confidential and privileged information and see how you do. It is not as easy as it looks and it is never fun with the US Secret Service shows up at your doorstep. Under the circumstance I thought he did well.

Mary April 11, 2014 at 1:21 pm

Loftis has a vile,foul, loathsome disease he got fornicating outside marriage. Cannot be cure. Want to shake his hand? Stand next to him? Want to work with him? Share an office with him? He is incompetent, with behavioral and intellectual problems too numerous to mention. Years of counseling could not help then, cannot help now. Dr. Frank J. Pro.. could not help Loftis. He has a temper beyond boundaries. He must be stopped before anyone gets hurt in this State. Could be sue for negligence, here. We have a choice, here.

Vickie April 11, 2014 at 7:27 pm

You have no knowledge of “Loftis qualifications?” I have testimonies. The so called attacks are from sworn testimonies , please get informed. Loftis is a sick , vile man. How can he work in this State? Who want to work with him? Who want to shake his hands? Wash your hands and stay away from him. If you want a copy, ask. Loftis must go. Hitting close to his target? What is his target? Transparency. please..2 million dollars to his intimate male friend. Uninformed citizens are better informed now and we have a choice!!!

Town Crier April 11, 2014 at 9:13 pm

I obviously missed something…what is this about $2M to an intimate friend? Who?What?When? That’s one helluva gift. Details, please.

M326 April 11, 2014 at 9:18 pm

I guess you don’t know about Mr. Michael Montgomery. Do some research. Easy on the internet. Loftis’s private attorney, personal friend, business partner, etc. Loftis brought him in to an already filed suit against the Bank of NY. Got $2 million out of the deal. Disgusting enrichment of a crony.

Town Crier April 13, 2014 at 8:42 am

Loftis is a bitchy old queen.

James April 11, 2014 at 12:05 pm

This lawyer can tell you that the investment agreements used by the Commission are complicated, dense and specialized. Only a well trained lawyer experienced in these areas of the law should be asked to handle these agreements.
If I recall correctly, the commission has 4 or 5 lawyers and 3 external law firms on retainer.(or at least used on a regular basis).
Now that I think about it I think it is amazing that he was able to manage it for two years.

Original Good Old Boy April 11, 2014 at 2:03 pm

“Anyone who invests understands that bonuses are part of the compensation investors make.”
No shit. And we also know they are designed to reward good performance, not shitty underperformance. Your shill attacks only confirm that you personally have something to gain by bringing Loftis down. The attacks are transparent and convince nobody except the those already feeding from the trough.

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M326 April 11, 2014 at 4:08 pm

The performance being rewarded is exceptional. You obviously don’t know much about investing so limit your comments to your area of expertise. Oops! sorry, guess you couldn’t comment then. Just ignore my advice.

adam evans April 11, 2014 at 2:20 pm

BK is obviously fond of whoppers. Take a look at the market today. Investing public funds for retirement is a sober, serious business and zombies with Wall Street values need vigilant supervision.

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RRC April 11, 2014 at 11:59 am

Campaign expenditures are online unless something has changed recently.

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Phil April 11, 2014 at 9:10 am

Fits this is pushing the edge even for you. It calls into question your other articles and opinions. This is blatant political advertising. I hope it was worth it because you will lose me as a reader if this is the kind of crap I can expect. How much?

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henry April 11, 2014 at 11:58 am

Fits, I agree with you. I have been in state government for 29 years and I have never seen an elected official work as hard as the treasurer. He regularly is at the office at 5 or 6 in the morning and will stay till the last person is gone. I am glad I got to meet him and even though I did not vote for him the first time I will do so now.
The personal attacks on him have been savage and a lot of people that did not know or like Loftis before now see what is has faced daily. Merrill saw Ryberg call Loftis a liar in a budget hearing and he, and the committee were astounded. Elected officials should have to face those types of abuse from their own staff.

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Don April 11, 2014 at 12:18 pm

You know Loftis is on target as the good old boys are squealing like crazy. Give the bastard hell, Mr. Loftis, give them hell.

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Man April 11, 2014 at 5:55 pm

Get real! Loftis is sick. A vile man and from his own sworn testimonies as C.Melvin Loftis has admitted to be infected by” a disease which cannot be cured by the practitioners of medical science”. Read the testimonies. Many testimonies.. Stay away from him. Wash your hands and get him out. We now have a choice!!

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BrigidBernadette April 13, 2014 at 1:12 pm

Well, tell us what this disease is then?

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Milk April 11, 2014 at 8:49 pm

Get real! You have 29 years in government and you love Loftis! He is a sick, vile man, with a temper and a vile disease….. Loftis spends most of this time posting on this site. And he is a sick, incompetent man. Wander if you can buy artificial intelligence for this man? Fits news! Pay to say news! you can do all good,if you will posts the sworn testimonies by Loftis and testimonies . I have them. just ask. On target! Get real! Mental and behavioral problems. Sick..

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HD April 11, 2014 at 9:20 am

Every entity that has examined the allegations of improper conduct on the part of the Investment Commission has reached the same conclusion – there hasn’t been any. Why should anyone pay any attention at all to Loftis or Folks on this issue? Because the Inspector General is corrupt too? Because the Senate Sub-Committee is corrupt too? Because the the AG is corrupt too? Because the Ethics Commission is corrupt too? Because Justice Toal, blah, blah, blah…? Because Hugh Leatherman, blah, blah, blah? Occam’s Razor suggests that the answer is that Loftis and Folks are full of it.

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GrandTango April 11, 2014 at 9:33 am

FITS is likely getting paid for it..but he is right about Loftis. The establishment media (liberals) HATE Loftis.

The media has been effective at molding some Republicans into democrat-type spenders…Loftis cannot be moved…and he is attacking the good ol’ boy, democrat way of doing business….

The money grubbers in Gov”t are out to get Loftis…

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PEEPS April 11, 2014 at 12:17 pm

Letherman funds everyone of those organizations. He appointed the subcommittee and the chairmen of the subcommittees both have a big “payday” in the budget, a gift from Leatherman.
I know several Senate staffers that are appalled at the behavior and lack of integrity certain members have displayed toward loftis. One of them said to me, “Leatherman paid a lot, but he wanted a lot!”

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M326 April 11, 2014 at 1:47 pm

You are calling into question four different independent groups. Surely one of those would have had a leak about any negative findings. There were none because they don’t exist. If you have evidence otherwise, why did you not make it known during those high profile investigations?

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Ellen April 11, 2014 at 2:27 pm

When was the last person put in jail for white collar crime in state government? About 6 years ago if I remember correctly. At DSS, that place where no one cares where the hell the money goes.

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M326 April 11, 2014 at 4:11 pm

All I ask is for you to present the evidence. You may suspect, you may be paranoid, but until you can put evidence on the table your contribution is worthless.

Vanguard16 April 11, 2014 at 9:22 am

Loftis is one sorry piece of shit! Having done business with him in the past, this one chicken shit individual.

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Smirks April 11, 2014 at 11:19 am

Having done business with him in the past

Go on…

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Bible Thumper April 11, 2014 at 11:22 am

My Dad was in the chicken manure business. Very honorable business. Green too.

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Bill April 11, 2014 at 7:26 pm

Ha! You seem to be following in his footsteps. Like father, like son.

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Bible Thumper April 11, 2014 at 7:37 pm

Nope. My Dad offered it to me, but I declined. He said, “Well as long as you don’t enter politics.”

GrandTango April 11, 2014 at 9:29 am

The status-quo, business-as-usual, steal-from-the-people liberals HATE Loftis….

He shook up the establishment as a candidate (I’ll never forget his commercials)…and he followed up on his promises BIGTIME when he got elected…He is Stepping on toes of the Rip-Offs…..

You leftist CANNOT stand a man who treats taxpayer money, like it is ours…not the bureaucrats’ for you gov’t check, gravy-train riders to live fat off of……

Loftis is a hero…if you don’t like him because of the job he is doing as treasurer..you are delusional about government’s role. YOU are part of the problem….

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Pirate's Stache April 11, 2014 at 9:42 am

He looks like a deer that was caught looking into a game camera. Something must tell him he shouldn’t be there.

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Guest April 11, 2014 at 6:59 pm

To me he looks like he’s got a corncob where the sun doesn’t shine. Kinda like he’s thinkin,” if I don’t move I won’t notice it.”

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M326 April 11, 2014 at 9:21 pm

You sure that’s a corn cob?

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Max April 11, 2014 at 10:04 am

Hey, man, wish I could vote for ya but I’m stuck up here in Manhattan. After the win, come on up here again and we’ll celebrate at the Phoenix. I’m buying for a change!

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Treasurer's Staff April 11, 2014 at 10:41 am

Loftis is the biggest liar and hypocrite in state government. He has greatly embarrassed our state and his office. He’s a gobberhead with no qualifications to be anything other than a bugman. Well his family kicked out of the bug business come to think of it . So, good luck Curt. Think about offering a plan to fix things rather than criticize. Oh, wait, sorry you need an idea for that to happen. How’s the dating life going????

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PCO April 11, 2014 at 12:13 pm

Curt owns 85% of the family business, and retired at 40. Somehow, I think your argument is factually incorrect.

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Treasurer's Staff April 11, 2014 at 1:11 pm

Curt was kicked out (asked to leave) family business where he was nothing but a screw up. Home Pest control has more complaints against it than any other bug business.

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PCO April 11, 2014 at 3:32 pm

Listen carefully. He owns 85% of it. he retired at 40, He receives a very large check each month. if you are going to lie, make it believable. I am a competitor of his and I know and respect him.

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Treasurer's Staff April 14, 2014 at 5:15 pm

Listen closely….his family kicked him out. He screwed up the business…too many lawsuits brought. His was a liability to HOME PEST control. AND he hired the daddy of the guy who runs the business as his chief of staff. WOW!

snickering April 11, 2014 at 10:52 am

I’m in! Helping Treasurer Loftis helps South Carolina citizens. He has proven himself a competent, honest, hard working public servant. You negative Nellies should be ashamed.

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Smirks April 11, 2014 at 11:18 am

They upvote their own posts, they have no shame.

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FRE April 11, 2014 at 12:54 pm

He keeps on fighting those guys and they keep on smearing him. They don’t notice that the more they smear him the better his poll numbers get. He has taken on a hell of a fight and it will be interesting to see it play out.

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Janice April 11, 2014 at 2:34 pm

You sound like Baghdad Bob! All is fine while Iraq falls! Competent, honest, hard working .. Just like Baghdad Bob. What happened to him? We have a choice for State Treasurer!

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Al April 11, 2014 at 4:35 pm

I know Brian Adams. He is a dumb ass redneck. He has a little online store where he sells preparations for the doomsday! He has a hard time paying his bills,.
Yea, a real treasurer that one.

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Violet April 11, 2014 at 5:17 pm

Have you met him? Have you talked to him? Have you asked him questions ? He is an intelligent man with a nice family. Not a redneck. Not a bug man from West Columbia. Loftis had too much bug juice. His mind suffered from this and damage is permanent.

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Wayne B April 11, 2014 at 10:41 pm

I met Brian this week and came away very favorably impressed that if elected he would restore dignity to the State Treasurer’s Office. It’s time we had a Treasurer who can work with other people. He impressed me with his knowledge of the issues and his enthusiasm for hitting the campaign trail. I would love to see the two candidates in a debate but doubt seriously Mr. Loftis would agree to a discussion of the issues.

Salty Doggerel April 11, 2014 at 10:58 am

Sam I am.
About the truth who gives a damn?
Griz, Griz,
Griz I is.
And I am old and gotta whiz.
Hugh Leatherman will hold the pot;
It’s his.
Greg, I’m Greg.
Without my ‘stache,
I look like someone who needs cash.
Sam, Sam, please tell me how
To find one hundred-sixty thou?
Oh! Oh!
Now I now.
To Reynolds Williams I will go
With pimps and madams, there, in tow.
Reynolds, Reynolds,
He’s not Sam.
But like his friend Hugh Leatherman
About big bucks, he gives a damn.
Cup, cup,
Tin cup? Why yup.
Dear Wall Street, come and fill it up.
Please, please.
Recall those fees?
It’s Reynolds; I am on my knees.
Give us more juice
And we’ll control the golden goose.

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jimlewisowb April 11, 2014 at 11:10 am

For those who post here supporting Reynolds Williams, Senator Leatherpecker, POS Ryberg and those sucking the life out of the Retirement Fund I have a lily white prune ass you can kiss

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Smirks April 11, 2014 at 11:16 am

That’s exactly the vibe I’m getting from these anti-Loftis posters coming out of the woodwork. Certain people stand a lot to lose if Loftis keeps working, and they didn’t spend years setting up crap like this to let some goodie goodie ruin it for them.

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Mike April 11, 2014 at 12:11 pm

These are Leatherman’s toadies. they hate Loftis because he stands up to Leatherman Makes me like Loftis all the more.

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Anna April 11, 2014 at 2:01 pm

Be careful! Do not get to close to him! and wash your hands. His has a vile, foul, loathsome disease. Life time problems, contagious. Read about it in his own sworn testimonies. If you want copies, I have them. Just ask. We now have a choice for State treasurer!!!

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Bible Thumper April 11, 2014 at 2:47 pm

Anna, you and Mary are strange. Gone are the days of leper colonies.

Marie April 11, 2014 at 4:46 pm

And who are you? Jesus? God? Bearing false witness? Lies? I have testimonies from Loftis himself that he has a vile, foul, loathsome disease that cannot be cured. Want a copy? Just ask..

Bible Thumper April 11, 2014 at 5:47 pm

Are yousuggesting that anyone would lie Marie, Anna, or Mary. Not anonymously on a blog.

More to the point. What difference does your claim make?

Laurie April 11, 2014 at 6:37 pm

Sick of this. Loftis is sick. No joke. Paid his friend. 2 million dollars. A lost of 200 hundred millions for the State retirees. Can you explain this? Impossible!! Loftis has to go. And we have a choice!

Gococks April 13, 2014 at 12:03 pm

The state had a pretty weak “he said, she said” case. I am surprised that BONY paid as much as they did.

dan April 11, 2014 at 4:36 pm

Sam Griswold posting again. He is fixated on Curtis.

sam griswold April 11, 2014 at 7:15 pm

CURTIS, I mean dan, I can assure you I did not post this. Get used to the idea that there are more people than just me who see through you. Get yourself another alias and post again. And you have a lot to improve on as a poet. I used to write poetry myself. Want to hear some? I can get as personal as you though I choose not to. Have a nice day, buddy.

curmudgeon April 11, 2014 at 10:44 pm

Actually it appears Loftis is the one who is fixated on Sam.

sconset April 11, 2014 at 11:11 am

Poor FITS is just howling at the moon again.

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sconset April 11, 2014 at 11:29 am

Loftis keeps making all these big charges he cannot prove. Makes him look like a buffoon. He is an embarrassment to anyone really committed to reform.
Is it true he changed his name? Before politics, he called himself C. Melvin Loftis, Jr.?

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M326 April 11, 2014 at 1:36 pm

People create fraud, waste and abuse in government. Such things are unlawful or at the least due to significant ineptitude. Name one person who lost his job or was arrested because Loftis proved he/she committed fraud, waste or abuse. Can’t do it cuz there ain’t none. He is all air and no action.

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Sam April 11, 2014 at 3:35 pm

SC is a corrupt state. No one ever goes to jail. Many are caught, but not imprisoned. Most are quietly dealt with by pols that do not want bad PR

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Sonny April 11, 2014 at 7:29 pm

Your predecessor, T-Rav, might disagree with you.

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M326 April 11, 2014 at 9:26 pm

All air, no action.

Bible Thumper April 11, 2014 at 2:42 pm

Name doesn’t mean much. A guy named Melvin Purvis (his sister lived across the street) tracked down John Dillinger, Baby Face Nelson and Pretty Boy Floyd.

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M326 April 11, 2014 at 9:25 pm

The name itself is meaningless. The fact he changed it may not be.

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A Cuz April 12, 2014 at 11:27 am

I have know Curtis all his life. He has always been known as Curt or Curtis. Melvin is his middle name.
He is a Jr. His dad has the same name.

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Adam Evans April 11, 2014 at 12:20 pm

The “nattering nabobs of negativity” commenting here, allied with a network of
political pickpockets and bureaucrats, are terrified of the prospect of four more years of Loftis. One could make a fortune selling them Depends.
A sitting governor in constant pursuit of the limelight of even higher office; a long list of disgraced, or convicted, or resigned, or comedic, public servants; and oily clusters of lazy political hacks, inside and outside of government, trolling for employment. What a sorry state we’re in.
There are some bright lights on the political horizon–WHO OWE NOBODY NUTHIN’– Why, South Carolina, you gotta get rid of them.

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M326 April 11, 2014 at 1:18 pm

He has been in office 3.5 years. Name one person who has been fired or arrested because of him exposing fraud, waste and abuse. Can’t do it? There are none. He is all mouth and no action. But I guess he’s got you fooled. Fascinating how many aliases he can come up with to post here! Imagine…a Constitutional Officer!

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Lillian April 11, 2014 at 1:36 pm

Not for much longer.. Primaries coming up and we have a choice! Another fine man is running for State treasurer! The tax payers of this state are lucky to have a choice. Please, get informed.

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adam evans April 11, 2014 at 2:13 pm

Well, just for starters, Bob Borden and his yellow Lamborghini are gone, although my guess is he’s still squeezing cash out of his experience here. Jail for statehouse pests? Answering questions under oath is good discipline. Grand juries are helpful. Jail ain’t always necessary. Just shine a strong light on roaches, spray them with the truth, and they’ll scurry away. Sad, but it may take some time–at least four more years.

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Ellen April 11, 2014 at 2:25 pm

Adam, it is a false argument. No one goes to jail in this state, even that crook Reynolds Williams and his fellow Pee Dee boy Ken Ard.
One fights fraud waste and abuse by stronger audits, proper internal controls and putting the bad guys on the front page of the paper. and Loftis has done all of that and that is why I am voting for him.
I work in government and we need a whole lot more like Loftis

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M326 April 11, 2014 at 2:39 pm

Adam, Borden actually rode Loftis around in that car before they fell out. By the way, it was a 1989 model. Loftis had NOTHING to do with Borden leaving. He is now in the private sector laughing his way to the bank. Your shining light on roaches is a fine allegory for Loftis. He has sprayed many a roach. Honest people are a different matter and his light dims when he accuses them.

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Frank April 12, 2014 at 11:23 am

I asked Curt about that and he said he had never even see the car, had only heard about it. Why make up lies?

M326 April 12, 2014 at 6:45 pm

Lies. Well, I don’t know who is lying. I had lunch with Bob Borden where he indicated he rode Loftis around. Now he did not mention the yellow Lamborghini but I sure interpreted it as that. All I know is what I was told by Bob Borden. He and Loftis were great buddies until something (which I don’t know) happened. So if I misinterpreted Bob’s statements, I am sorry. But I am not recanting Loftis’s relationship with Bob and the implication they schmoozed in Bob’s vehicle which I was given every reason to believe was the Lamborghini. Wonder who is lying? All I know is I am not.

curmudgeon April 11, 2014 at 10:48 pm

Answering questions under oath don’t accomplish a thing. Loftis testified under oath and lied like a rug.

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Walter April 11, 2014 at 1:13 pm

I used to like Curtis, but seeing how he’s gone back on his campaign promises I will not vote for him this year.

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Bible Thumper April 11, 2014 at 2:27 pm Reply
Shocked April 11, 2014 at 4:53 pm

This tells you all you need to know. Any man that can write low rent trash like that is not qualified to serve in public office. Reynolds Williams must go.

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Kyle April 12, 2014 at 11:40 am

Shocking is not the word. Why would any educated man comment like that in public?That is why his subordinates feel so free to come on here and spew hate. he not only allows it, he did it! Shocking.

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Mike at the Beach April 12, 2014 at 1:24 pm

Boy, that article should keep us up at night…

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BrigidBernadette April 13, 2014 at 1:02 pm

Can’t believe the comments. Good read, BT.

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Matt April 11, 2014 at 8:21 pm

Loftis is a tea party dope, like most of the rest of the South Carolina tea party politicians. One day hopefully South Carolina voters will wake up and realize these tea party dopes are clueless and most of them are total hypocrites.

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GrumpyCoot April 11, 2014 at 11:27 pm

poor results come from Loftis inability to understand value in active managers and prudent management of assets. Sad to see he makes SC the country bumkin state with the inability to manage taxpayer funded pensions

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Giles April 12, 2014 at 11:39 am

High fees, over time, erode the value of a portfolio. Loftis is dead on.

This bull market will end and we will be left with high fees and mediocre results. Those that created the plan will blame the markets, take their bonuses and leave. We will be stuck paying the bills.

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RogueElephant April 12, 2014 at 10:39 am

Curtis is a politician that is actually doing what he promised he would do if elected. No wonder the establishment types hate him. At least four more years for the best treasurer SC has ever had.

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Politico April 12, 2014 at 11:30 am

I agree. These constant, hate filled comments show that the primary opponent is negative, hate filled and hopes to win by spreading lies and distortions.
It will make Curtis look good, not bad. Their plan if full of hate and not good politics.
I have seen the tracking polls and this race won’t be close. The plan must be the politics of personal destructions, which is shameless and no longer works.

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BrigidBernadette April 13, 2014 at 1:33 pm

You are correct, makes me support him even more. Governor Loftis, that will really piss them off.

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