And the Beat Goes On

Sorry I’ve been off line for a bit, my frequent reader. I’ve been battling migraines which leaves precious little time except to get my day job (which often extends into nights and weekends) done. I’ll try and post a few before the all important, probably won’t change much June Primary.

Change much like City Hall’s reaction to the latest shoe/minor atomic bombshell whichno-one seemed to notice dropped last month by the SEC. A month ago the SEC charged five former San Diego officials, including “Former-by-virtue-of-having-been-defenestrated-by-then-mayor-Dick-the-Murph-Murphy” Michael Uberuaga, for fraud in misleading Wall Street investors over the City’s finances while raising a quarter billion in bonds. Gee, isn’t that what Mike Aguirre’s been saying since the beginning of time: That a City the size of San Diego doesn’t go down the financial tubes merely due to incompetence, good intentions gone awry or lousy breaks? That it takes the determined, deliberate effort of a large number of people more willing to break laws and violate ethics than risk their jobs and careers by telling people the truth about how badly they’d screwed things up? Aguirre has been saying there is a culture of such corruption at the top reaches of San Diego government for years. And been pilloried for it. Usually by those in the top reaches of San Diego government—and those who benefit from them being there.

I’ve waited for the last month to see City leaders—on the Council, in the Mayor’s office—express the sort of outrage they should over these SEC charges. What the SEC is telling San Diego is that its body Bureaucracy and Politics is infected, diseased, corrupt. And the City has, in the last month, done nothing to bleed any of these noxious humours from its municipal blood, or even acknowledged just how damning the SEC action is.

Of course, this is the same City that has seen three councilmembers indicted for corruption, two convicted, and a Mayor resigning in failure and responded with a “business as usual,” put a nice, former cop in the figurehead position and life goes on.

Is it any wonder the City is still out of the bonds markets, months after Jerry Sanders announced he saw the light at the end of the bondless tunnel?

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3 Responses to “And the Beat Goes On”

  1. Jeffrey Davis Says:

    There’s a somewhat odd argument in here: that going down the financial tubes was a result of lying to Wall Street bond investors. Saying that that’s indicative of corruption may be true, but it’s not the source of our financial problems.

    Our financial problems have a straight-up political genesis: unwilling to cut services or raise taxes, we borrowed from the pension and cut a poor labor deal to make that happen. Lying to bond investors was just a way to keep the political shell game under wraps. If we’re still out of the bond markets, it’s because our political game hasn’t changed and, stung once, Wall Street is paying attention.

    Of course, burning the bond folk added to our problems because any city needs to borrow, but especially one running a deficit of political will. Like you said, the beat goes on.

  2. mlaiuppa Says:

    But don’t you see? If they said anything about the Securities and Exchange Commission charges , or the three councilmembers indicted for corruption, the two convicted, or a Mayor resigning in failure….then they’d be admitting Aguirre was right.

    (Sorry about the migraines….Hillary’s almost gone.)

  3. Everything San Diego » Blog Archive » And the Beat Goes On Says:

    […] Change much like City Hall’s reaction to the latest shoe/minor atomic bombshell whichno-one seemed to notice dropped last month by the SEC. A month ago the SEC charged five former San Diego officials, including “Former-by-virtue-of-having-been-defenestrated-by-then-mayor-Dick-the-Murph-Murphy” Michael Uberuaga, for fraud in misleading Wall Street investors over …The rest can be found here. […]


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