http://www.ibabuzz.com/insider/2008/12/10/mark-church-makes-appearance-on-lou-dobbs-tonight/ Fri, 08 Oct 2010 00:09:03 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://www.ibabuzz.com/insider/2008/12/10/mark-church-makes-appearance-on-lou-dobbs-tonight/comment-page-1/#comment-162 Fed up taxpayer Tue, 23 Dec 2008 17:16:21 +0000 http://www.ibabuzz.com/insider/?p=493#comment-162 Church and Cotchett are creating a smoke screen by going after Lehman’s directors. The question Dobbs should have asked is: Why did a county fund that is supposed to be run like a money-market invest in Lehman in the first place? Money markets should invest in T bills and munis, not risky things like investment banking houses. After the collapse of Bear Stearns in March, the county should have pulled out of Lehman like other wise investors. And now, instead of accepting blame and learning a lesson, they’re trying to shift attention elsewhere. The cities and school districts that invested in this fund ought to sue the county and every member of the Board of Supervisors as individuals. After all, that’s what the county is doing in the Lehman case. Fair is fair.

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