Tag Archive for Chriss Street

Nah, Chriss Street’s not distracted.

There has been a great deal of discussion about the issue of the County investing about 14% of its portfolio, $837 million, in high-risk Structured Investment Vehicles, (SIV) the largest such investment of any local government entity in California. So what are SIV’s? From Wikipedia: A structured investment vehicle (SIV) is a fund which borrows money by…

Tuesday BOS Meeting: Can anyone say Street Fight?!

The gloves are coming off in the feud between Treasurer Chriss Street and Supervisor John Moorlach. Start snapping your fingers because this may be as good as the West Side Story fight scene. Today, Street went on the offensive against Supervisor Moorlach and Orange County Employees Association (OCEA) General Manager Nick Berardino in an opinion piece in the…

Street’s Spin-Cycle

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: Street: ‘reckless demagoguery’  December 14th, 2007 · posted by plowe As I alluded to in my earlier post, Treasurer-Tax Collector Chriss Street fires back at Supe…

Will the Board fiddle while our investments burn?

On the 13th anniversary of the 1994 County Bankruptcy the Orange County Employees Association (OCEA) called upon the Board of Supervisors to take immediate action on Chriss Street. Earlier this fall, OCEA called upon the Board to remove Chriss Street’s investment authority in light of federal and county investigations of his conduct. The sudden revelation, at the…

The Ghost of Christmas Past

Thirteen years ago the County of Orange government faced a really bad Christmas. On December 6, 1994 the Orange County Board of Supervisors declared the largest municipal bankruptcy in history, more than $1 billion, in the wake of a risky investment strategy employed by then Treasurer-Tax Collector Robert Citron.  On Tuesday, December 4, 2007 Treasurer-Tax…

Street Watch: O.C. treasurer in reversal of fortune

From today’s LATimes  O.C. treasurer in reversal of fortune The man who called attention to county’s shaky investments now is defending his own. By Christian Berthelsen, Los Angeles Times Staff Writer December 6, 2007 In 1994, Chriss Street was hailed as a hero for helping to blow the whistle on high-risk holdings in Orange County’s…

The Hypocrisy of Darth Norby

On Tuesday the Orange County Register reported on the comments of Orange County Board of Supervisors Chairman Chris “Darth” Norby about the 6 % raise and 3% bonus given to OCTA CEO Art Leahy. Supervisor Darth Norby said: “The 6 percent raise is fine,” he said, “but to continue to grant these 3 percent bonuses…