James Riley
Banned
- Joined
- Jan 10, 2015
- Messages
- 1,821
You'd have to be not to give the greenies any culpability on this one.
Like I said in the post above, I have yet to see any evidence the greenies had anything to do with this. You have a case citation? I'm not saying there isn't one, I'm just saying there are a lot of folks putting the cart before the horse here. "It's a communist plot, I tell ya!"
And, as I said in the post above, even if there is a case citation, has anyone read it to see the merits of the case, if any?
And, then, does anyone have any evidence the greenies knew this might be the possible result of their litigation? Should they know the land board would not look toward the long-term interests of the trust assets?
So far, crickets.
Here is where Finn made his mistake; in responding to my post about charges he said: “All of my reading shows these charges to be focused on financial returns for funding the school system, with no other non-financial criteria are provided for consideration.”
In what I percieve to be his eagerness to dispute anything to do with environmentalist suing agencies and corporations, he assumed I was talking about “non-financial criteria.” But I never said anything about non-financial criteria. I said: “. . . most charges I am aware of look to "long term interest" not just portfolio performance.”
This is a clear distinction between long-term and short-term portfolio performance.
His next mistake was saying: “If [sic] not found anything about "long term interest" in all of my research.”
I then quoted him a section of the Idaho State Constitution that specifically states: “in such manner as will secure the maximum long-term financial return to the institution to which [it is] granted.”
He again tried to parse “long-term” from “financial” which *I never separated*.
I have since done additional research and find the term “long-term” repeatedly used throughout this area of law. I can cite law review articles, U.S. Supreme Court decisions, regulations, statutes and Constitutions that specifically reference the long-term interests that are to be protected under the principle of trust management of state school trust lands.
So, in conclusion, he made an assumption about what I said and he was wrong.
The next logical step in the argument is to discuss the difference between long-term and short-term performance and what a trust obligation entails. The fact that state land boards might be violating their long-term term trust obligations is not my fault, nor the fault of environmental groups who seek to maintain the long-term value of trust assets.
Here's a good law review article regarding the matter. And this goes to the ballot box issue I was talking about. Anyone who cares about forcing State's to consider their long-term trust obligations instead of a quick buck might want to think about this next time they want to vote for a Republican (you know, the same short-sighted people who want to invest Social Security in the stock market): http://www.riversimulator.org/Resources/farcountry/Sitla/ManagingStateTrustLands1999NYUlawReview.pdf
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