Campbell and board Chairwoman Janet Nguyen are sponsoring an emergency agenda item that calls for transferring Street’s investment authority to county Chief Financial Officer Bob Franz. “We just don’t believe it’s proper to have someone found guilty in court of breaching his fiduciary duty to be responsible for managing the county’s investment funds,â€
Tag Archive for Chriss Street
Street’s Risky Business Catches Up With Him
by Chris Prevatt • • 1 Comment
On Friday, U.S. Bankruptcy Judge Richard M. Neiter on Friday ordered Orange County Treasurer-Tax Collector Chriss Street to pay more than $7 million in damages to the End of the Road Trust. Back before he was elected in 2006, Street…
OC Grand Jury: Street’s SIV Investments Imprudent
by Editorial Staff • • Comments Off
The Orange County Grand Jury has released a report on their review of Treasurer-Tax Collector Chriss Street’s investments in Structured Investment Vehicles (SIVs) HT Ron Campbell-OC Register. The Grand Jury concluded that “although SIVs are ‘facially’ compliant with the County’s…
Moorlach’s Risky Investments
by Chris Prevatt • • 1 Comment
Chriss Street fired off a press release Wednesday afternoon touting his wisdom and foresight. Seems he decided to reverse his previous position to “hold to maturity” the county’s investments in risky Structured Investment Vehicles (SIV’s). In this case, Street decided…
Unmitigated Bullsh&t Findings Regarding Chriss Street
by Chris Prevatt • • Comments Off
Author’s Note: For the record, the opinions and statements expressed in this post, and others I have written in the past, reflect my personal opinions and not those of any organizations or individuals with whom I may be presently or formerly affiliated. You’ve…
Street Gets Some Positive Recognition
by Chris Prevatt • • Comments Off
I got this release on Monday from OC Treasurer Chriss Street’s office. It seems that the National Association of Counties has given Street a National Award for Innovation and Government Solutions. (Santa Ana, CA) – The National of Association Counties…
Street: “The County will get all its money back.” REALLY?
by Chris Prevatt • • 2 Comments
In a sad sort of way it’s kind of funny that other news sweeps us up and we forget about things that were so important a little more than a month ago. I was wondering what the latest intel was…
