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Schools Want Gov't To Buy Their Toxic Assets

Remember the Wisconsin school districts that were horrified to learn they had invested $200 million in what are now toxic assets? The latest twist is that they are asking lawmakers for TARP money.

Joseph Kiriaki, executive director of the Kenosha Education Association wrote:

"Based on the similarities between the schools' troubled assets and AIG's troubled assets, shouldn't our schools receive equal treatment"

Kiriaki told me he wants the government to buy their toxic stuff and give them their full $200 million back.

The deal with AIG is more complicated than that though. And the argument was that AIG was too big to fail...