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Sen. Bob Casey (D-PA), when he served as Pennsylvania state Treasurer, oversaw investments worth over $31 million in 2006 from the state worker pensions into a Chinese government-backed firm.
When he served as Pennsylvania Treasurer, Democratic Sen. Bob Casey made a potentially risky investment: He placed more than $31 million of state employees’ pensions into a Chinese firm.
David A. Jones will step down from the Federal Thrift board on Sept. 15, as the nomination of his replacement is held up in the Senate.
Republican Sen. Marco Rubio wants answers from the Federal Retirement Thrift Investment Board over its access to Chinese investments.
Michael F. Gerber has been named chairman of the Federal Retirement Thrift Investment Board.