It looks like the Chriss Street spin machine is in full wash mode; bleaching the truth and spinning out his dirt. From Peggy Lowe at Total Buz this morning:
December 14th, 2007 Ã‚Â· posted by plowe
As I alluded to in my earlier post, Treasurer-Tax Collector Chriss Street fires back at Supe John Moorlach today, writing in the RegisterÃ¢â‚¬â„¢s Ã¢â‚¬Å“Orange GroveÃ¢â‚¬Â that Moorlach (and union boss Nick Berardino) are guilty of Ã¢â‚¬Å“reckless demagoguery.Ã¢â‚¬Â Their transgressions? Criticising Street for his many controversies and his handling of the growing concern over his decisions about the countyÃ¢â‚¬â„¢s investment portfolio.Ã‚Â
Ã¢â‚¬Å“I have lost my old friend John to the allure of ambition and the pragmatism of politics,Ã¢â‚¬Â Street writes.
I got wind of this earlier this week, not from any Register sources, but rather from some folks in the Hall of Administration. Seems StreetÃ¢â‚¬â„¢s been using this piece to help his lobbying efforts in advance of TuesdayÃ¢â‚¬â„¢s meeting. That will be the one where the board decides if Street gets to keep his investment powers for the next year. Another part of the lobbying? TodayÃ¢â‚¬â„¢s hastily-called SIV Ã¢â‚¬Å“workshopÃ¢â‚¬Â.
Ã¢â‚¬â€œ Peggy Lowe
I’ll write more on Street, his workshop, and related spin later.
UPDATE : “Oh how I love a good Street Story in the Morning!”
Christian Berthelsen over at the LATimes has a great analysis/story on the Investment follies of Treasurer Chriss Street. Reading the spin from Street’s investment team I cannot get out of my head how similar this mess seems to the stories that surrounded the County bankeuptcy 13 years ago.