The Orange County Register’s Ronald Campbell reported yesterday that the County of Orange has sold off their holdings in the bankrupt Whistlejacket structured investment on Thursday for $72.4 million for a loss of $7.6 million. Whistlejacket had been in receivership since February 2008, 7 months after Treasurer-Tax Collector Chriss Street made his last two investments…
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In a Total Buzz post Tuesday the Orange County Register’s Elias Groll misinterperates the campaign finance reports of OC Treasurer/Tax Collector candidates claiming that the underdog Shari Freidenrich has a 10-1 fundraising advantage over primary first place finisher Keith Rodenhuis.
Judge Sanders has ruled this morning that Rodenhuis is eligible to run for county Treasurer-Tax Collector. Rodenhuis said in an email statement; “I am happy, but not surprised by the decision. The suit was frivolous and a waste of the court’s time and the taxpayer’s money. This is not theÂ kind of leadership Orange County wants or needs in a time of fiscal stress.”
Keith has a killer ballot title in an expensive county-wide race. Street had the slates pretty much locked up — and if he arranges with the vendors to release them to Keith, then Mr. Rodenhuis will be in a pretty commanding position to at the very least make it into a run-off.
County supervisors on Tuesday unanimously voted to revoke Orange Countyâ€™s Treasurer-Tax Collector Chriss Streetâ€™s authority to invest county funds. Supervisors said that while Street has done a good job as treasurer, the move was needed to prevent the public and investors from losing confidence in the countyâ€™s investment pool until Streetâ€™s term ends on Jan. 3, 2011.
In the Fourth District Supervisor contest to fill the unexpired term of recently elected Assemblyman Chris Norby, we have a full field of six candidates, three Republicans, and three Democrats in this technically non-partisan contest. On the Democratic side we have Anaheim City Councilwoman Lorri Galloway, La Habra City Councilwoman Rose Espinoza, and Buena Park Mayor Art Brown. On the Republican side there is Fullerton City Councilman Shawn Nelson, Anaheim City Councilman Harry Sidhu, and Businessman Richard Faher.
Campbell and board Chairwoman Janet Nguyen are sponsoring an emergency agenda item that calls for transferring Streetâ€™s investment authority to county Chief Financial Officer Bob Franz. â€œWe just donâ€™t believe itâ€™s proper to have someone found guilty in court of breaching his fiduciary duty to be responsible for managing the countyâ€™s investment funds,â€