O.C. FINANCIAL CRISIS : VOICES

“I think (Citron) should be judged on the whole history of his investment strategy over a long period of time. . . . I think some people would take that into account.”

Laguna Beach City Manager Kenneth C. Frank

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“I don’t like the idea of gambling with my money. I’m very careful with what I have.”

Beatrice Sidwell, 77, of Fullerton, after going to Citron’s office

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“We have a very detailed, written policy on investments and it’s a very conservative policy. We feel very strongly about the safety of the principal--we’re talking about taxpayer money here.”

Tustin City Manager William A. Huston

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“We’ve been with the fund for a few years, and it has been a consistently high performer. You need to ride the rough times out as well.”

Tim O’Donnell, assistant city manager of Brea

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“I think I am a little disappointed that (Citron) didn’t stick around to try to assist in the resolution of this problem. It kind of implies he did something to help to create this problem and he is washing his hands of it.”

Dan Joseph, Mission Viejo assistant city manager

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“It would be foolish to pull money out at this point when the county is only going to pay 80 cents on each dollar.”

Buena Park Chief Financial Officer Greg Beaubien

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“I thought (Citron) would hang in there. He would be good at negotiating and resolving the issues that are outstanding. It was unfortunate he had to leave the county this way. With such a drastic market change, it would have been difficult for anyone to control the type of investment pool he managed.”

Mark Paul, finance director of the city of Santa Barbara, which has $25 million invested in the pool