Fiduciary Responsibility Versus WTF?

    Our Question de Jour:
   Who among the North Broward Hospital's District's 7,500 full time employees is responsible for investing the giant healthcare conglomerate's huge stockpile of loose cash?
   It's a fair question.
   And one properly filed under the heading of “District Board of Commissioners' Fiduciary Responsibility.”
   Or the more general heading of WTF?
   How so?
    During the current decade, the District investments have suffered a net loss of more than $100 million between FY 2000 and 2009.
    Or, to be more specific:
    District Investments – FY 2000 through 2009
   Total Gains          $6,218,031
   Total Losses      ($106,274,955)
    Net Gain (Loss) ($100,056,964)
    Or, as my broker might ask, “Who's the f*cking sailor driving this sinking ship?”
    Naturally, one would assume investment losses of this magnitude should produce considerable renting of garments and gnashing of teeth among the Magnificent Seven Commissioners Florida Gov. Charlie Crist appointed as stewards of the District.
    But thus far....
    Nary a peep, let alone any open display of Old Testament-style outrage.
    Which boggles.
    After all....
    Governor Charlie's Magnificent Seven are all devout Republicans and thus – by clichéd reputation – loyal parishioners of Our Lady of the Black Bottom Line.
     However...
     It would appear that if there's any “Bottom” to all this, it's the one in which the District's Magnificent Seven have buried their due diligence heads.
     Anyhow...
     Ponder if you will, gentle reader, the following dismal numbers garned from the North Broward Hospital District's Annual Budgets for the current decade:

    BROWARD HEALTH'S SICK INVESTMENTS – GAIN (LOSS)
    FY:
    2000     $4,232,611 
    2001     ($3,875,874) 
    2002     ($9,510,391) 
    2003     ($2,904,541) 
    2004     ($3,041,710) 
    2005     $991,385 
    2006     $575,809 
    2007     $418,226 
    2008     ($13,475,463)
    2009     ($73,467,016)