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sdsocialdiary

Bankruptcy — Good for San Diego

John Kaheny's comments in the UT regarding BK "What bothers me the most about all the media stories is the selective information presented. Granted the success of the SDCERS investments this year has only a limited effect on the City’s future obligations, but is the public fully informed? How many know that the SDCERS trust has grown from $3.2 billion or so to close to $5 billion since the so called pension crisis began. See any stories on the 13 –16 % rate of return. Probably not because those facts would contradict the template that the Drop Program was a financial loser to SDCERS. ( You get an 8% return on investments that earn 13+% so the fund gains 5% on your money). The bias in all these articles is as deep and strong as granite. Notice how they always try to give Aguirre and his henchpersons some credibility even though they have been wrong time and time again. Just look how the media covered the exoneration of ALL of the criminal and civil defendants in the state and federal persecutions. No story yet on the web of intrigue between Aguirre, Shippione, Shea and Lamm and the bulldozing of Dumanis and Link. There is a story out there and it is not the tired old call for bankruptcy so Aguirre and Shea can finally recover from the Brown Field disaster. This whole mess brings back memories of how easy it was for Dominelli to scam the elite of San Diego society. But today’s wrecking crew is so good at what it does it has even co-opted Bauder. If it were not such a serious matter, it would make a great tragic comedy. This City and County needs to grow up."
— December 7, 2010 5:26 a.m.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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