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Countrywide Stock Zooms 55 Percent on Rumor B of A Will Buy It
How come you did not give us that hot tip Don? I think I will stop my check to Scam Diego. I bet you gave the tipoff to Jerry Sanders. And Fred Sainz. I'm shattered. I will ask him at 6:00 PM. He won't lie to me.— January 10, 2008 3:25 p.m.
Does U-T Know $128,000 from $20 Million? Obviously Not
Don: then my political bias must be showing - I tend to associate corporate welfare and corporate corruption with a certain political party, not that the other side cannot be just as bad as for example Scott Peters, who is DINO. I belong to neither and have no plans to ever do so. What a terrible message the U-T is sending to young people: "join the corruption bandwagon or we will hound you out of office".— December 20, 2007 2:32 p.m.
Does U-T Know $128,000 from $20 Million? Obviously Not
Don: while the U-T can pay a full-time assassination squad of writers and editors to hound a City Attorney from office, simply because he is not of their favored political party, they did not write one line about the biggest City story this year: that Mayor Sanders, who is of their favored party, now has to redraft the City’s 2005 audited accounts. That is the extent to which one political party controls this city. The U-T is indeed San Diego’s Pravda. It should be of national concern that such vital public information can be withheld in an American city with a population of 1,300,000 persons, because it has only one daily newspaper. American democracy has broken down right here in San Diego. Without a free press, without a fourth estate, we are in reality governed by a Czar – David Copley. Keep up the good work Don.— December 20, 2007 1:45 p.m.
Does U-T Know $128,000 from $20 Million? Obviously Not
Don: the San Diego establishment and its establishment newspaper has never faced a threat like the one it now faces from Aguirre. In three short years he has turned their cozy elitist world upside down. That's good. The intensity of their attacks on him is a reflection of his success not of his failure. I know he has inspired me and I am sure many others. Far from turning people against him these character assassination attempts will only embolden others to emulate him. Ann Smith and her city employee union clients obviously fed Roth the questionable material for today’s hit piece. That is not journalism. It is a stain on Alex Roth both as a person and as a journalist. This kind of “reporting” damages the entire newspaper and calls into question the integrity of its editors. These constant attacks, cloaked as "news", will probably win votes for Aguirre and cost the newspaper subscribers. This yellow journalism is an insult to the intelligence of San Diegans and demeans the city we are all proud to call home. I have no doubt that younger San Diegans will see this for what it is, the dying pains of an old discredited order. The young will follow Aguirre into a new world of change. The U-T is old and tired, San Diego is not.— December 20, 2007 12:13 a.m.
SDCERS' Independent Fiduciary Counsel Resigns
Response to post #1: Yes, City Ordinances ARE the controlling documents. But that means that purchase of service credits must be calculated by the actuary to be cost-neutral to the City at the time of purchase AND have a clause in the purchase contract enabling SDCERS to correct the inevitable overcharge or undercharge that will result in experience. Done properly, i.e. on a true cost-neutral basis, nobody would purchase such credits. Because the basic pension ordinances already required cost-neutrality, the City Attorney should never have added §24.1312.1 to the Code. He was right first time. He should have stuck to his guns and never acknowledged the legitimacy of §24.1312 (if indeed he has), which purported to create a purchase of credits benefit and went on to say: "the amount the Board determines to be the employee and employer cost of that Creditable Service." §24.1312 should have been repealed because it created an illegal benefit and allowed the SDCERS board to participate in that creation, in breach of the basic plan documents.— December 14, 2007 1:26 p.m.