Will Bear Watching

We mentioned last week the case of Charlie Millard, the Bush appointee who briefly ran the Pension Benefits Guaranty Corporation — the government chartered company that insures many private pension plans. During his brief stint he put in place policies to move most of the Corporation’s assets out of relatively safe bonds into stock, real estate and hedge funds. Four senators have already asked for a criminal probe into Millard’s tenure. And today he took the fifth when called to testify.