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Insurer of Ballpark Bonds Downgraded; Could Bonds Be Affected?
Don, these deals are so BAD it boggles the mind. One has to wonder if there was some sort of pay off, not in campaign contributions or things like that, I mean real Randall "Duke" Cunningham pay offs. A first semester law student at the end of a Contracts I class would be able to write a better deal than the City did with Spanos. The only way it makes sense is if there were pay offs. I hope that was not the case-but there is just no other reasonable answer or explanation for these one sided, bogus, scam deals. BTW, if there were some hanky panky going on the contract would be void-and the offending party would be forced to pay. Thy City needs to stay out of the sports business, and that certainly means no more give aways.— January 21, 2008 8:12 a.m.
Insurer of Ballpark Bonds Downgraded; Could Bonds Be Affected?
Too late for Moores, but the Spanos deal is ongoing. At the very least we could throw legal monkey wrenches at Spanos, al a Bruce Henderson type legal challenges. Seriously though, Spanos has engaged in fraud. He induced the City to upgrade the stadium with the promise to stay 20 years. That was the deal, and he is backing out of it. OK, there is an out clause in the contract and he has to pay back some of the un-amortized costs, but I still think that type of a suit could be proven, and be successful. Of course it would require the Mayor and City Clowncil have a backbone and some guts, which unfortunately counts out our spineless jellyfish.— January 20, 2008 8:51 p.m.
Insurer of Ballpark Bonds Downgraded; Could Bonds Be Affected?
I agree with the above blogger. I say we file a class action against Moores for sure, and maybe Spanos for backing out of the Q deal. All San Diego City and County residents will be members of the class. It is a novel idea, and could be worth pursuing. Heck Baltimore is going after Wells Fargo for sub prime loans, which is arguably a much weaker argument.— January 20, 2008 4:25 p.m.
People Fleeing California, Says Economist Arthur Laffer, Who Did Just That
OK Don, they have now messed up my book marks, where is the Cty Lights link at??????— January 19, 2008 7:32 a.m.
People Fleeing California, Says Economist Arthur Laffer, Who Did Just That
BTW, this new fornmat is very hard on the eyes. Who was the Einstein that came up with it? Old rule, if it's not broken don't try to fix it.— January 18, 2008 5 p.m.
People Fleeing California, Says Economist Arthur Laffer, Who Did Just That
He is 100% correct, we have corporate welfare AND government employee welfare. Cannot survive that combo. Of course AB Laffer's supply side "voo doo" economics did not work in the 80's and they don't work now, but he at least gets this one right. This is the state where HS educated prison guards, FF and cops make $200K per year and retire at age 50 making more. This is the state where BILLIONAIRES and MILLIONAIRES rip off the taxpayers by buying off government officials. That is not funny money, and it comes from somewhere, ever increasing taxes and fees. I got a seatbelt ticket 2 months ago, and had to post $110 bail to set it for trial, it was $110 for a SEATBELT ticket. When that law was passed about 10-12 years ago it was $25 for a violation..... nickel and diming us to death-and while the infrastructure crumbles.— January 18, 2008 4:59 p.m.
Francis Says Lobbyists Control City Hall, Blasts Special Interests
Don Bauder / dbauder January 16, 2008 at 7:32 a.m. What gives me a chuckle is that the establishment moguls will talk about free enterprise and personal accountability, and criticize welfare for impoverished single mothers, then line up for a handout for hundreds of millions of dollars, greased by gifts to local pols. Best, Don Bauder ___________________________ Amen to that! AGREED 100% If there were more Randall Duke Cunningham types who were made examples of, then things may get better (that is a BIG may). There is always hope (pulled that one from Batman Begins, on last night).— January 16, 2008 10:12 a.m.
Francis Says Lobbyists Control City Hall, Blasts Special Interests
BTW- I don't know enough about Francis at this point one way or the other-BUT-I do know Colonel Sanders has been a disaster for San Diego and ANYONE will be an improvement at this point. I know I am not the only one that thinks Sanders has done nothing-I see it every single day under the UT's comments on their web site, which can be posted at the end of the articles. Good bye Colonel Sanders, you're on the way out, and don't let the door hit you in the butt on the way out.— January 15, 2008 10:50 p.m.
Union-Tribune Lays Off 27, Says 18 More Will Go
Too bad that fat lazy trust funder of an owner didn't get hands on and lead (a la Ottis Chandler). With better leadership they might have had a fighting chance. I hope they don't go BK. Actually very sad.— January 15, 2008 10:44 p.m.
Francis Says Lobbyists Control City Hall, Blasts Special Interests
Anonymous / sdblogger January 15, 2008 at 10:21 p.m. Even better would be seeing this crook, along with the Spanos crime family, criminally prosecuted for their bribery of public officials and theft of public monies. Then we might get some of our stolen money back! _______________________________ I'll second that motion! Corporate welfare should be abolished!— January 15, 2008 10:41 p.m.