Irvine and Fund Crisis
The decision of the Irvine City Council to withhold information in the review of city staffs’ role in the Orange County investment pool is reprehensible. It only bolsters allegations that there has been a concerted effort to hide the fact that City Manager Paul O. Brady Jr. and Finance Director Jeff Niven made an egregious error when they advised the council to borrow $62 million for an additional investment in the now-defunct pool.
The secretive nature of this entire episode is a disgrace. It’s time the residents were told the whole truth.
MERYL SCHWARTZ
Irvine
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