Tag "SEC"
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Did use of school bonds for iPads deceive bond buyers?
When California voters passed Proposition 39 in 2000, they thought they were simply making it easier to pass school bonds for construction of facilities by lowering the approval threshold from two-thirds of the vote to 55 percent. But a provision
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2007 press release shows rail authority touting CEQA compliance
A Tuesday afternoon AP story laid out the latest courtroom developments involving the bullet-train fiasco: “SACRAMENTO, Calif. (AP) — California’s $68 billion bullet train project should be exempt from the state’s strict environmental review process now that it is subject
Read MoreVictorville bond bust brings SEC lawsuit
May 31, 2013 By Wayne Lusvardi A recent lawsuit filed by the Securities and Exchange Commission alleged Victorville city officials and bond underwriters defrauded bondholders of $13.3 million in 2008 due to failure to disclose actions and risks of “inflated property
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How to overfill prisons: Have SEC look at CA school districts
March 20, 2013 By Chris Reed The federal indictments this week of CalPERS’ former president and his alleged briber show that the federal government does occasionally notice the outrageous behavior of our state government. But what about the Securities and
Read MoreAttack on corporations fails in Assembly
Aug. 22, 2012 By Katy Grimes It’s rare that a bad bill fails to pass one or the other houses in the California Legislature. However, Tuesday a bill failed which would have required private sector, publicly traded corporations to file
Read MoreBankruptcy no panacea for pensions
Aug. 20, 2012 By Steven Greenhut SACRAMENTO – Municipal bonds have long been among the safest investments, but a coming wave of municipal bankruptcies in California — and the disturbing way one of those cities is stiffing its bondholders —
Read MoreLeftists assault corporate free speech
July 3, 2012 By Dave Roberts SAN FRANCISCO — The left, which has championed the media and legislative crusade against bullying, is itself engaged in the bullying of one of the few groups you’re still allowed to demonize in this
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