Red County Radio: Roundtable With Nick Berardino And Adam Probolsky
Posted by: Jubal | 12/14/2007 11:29 AM
We've started a weekly feature on Red County Radio: a round table discussion of current OC politics between yours truly and a two or three other Orange County politicos. For our inaugural program this week, I am joined by Nick Beradino, the general manager of the Orange County Employees Association, and Adam Probolsky, OC consultant, pollster and contributor to this blog.
We talked about four topics:
We talked about four topics:
It was a lively discussion, and predictions were made about whether the Board of Supes will strip Street of his investment authority on Tuesday; whether the Janet's extra staffer story is a non-issue or a bad precedent; does Gilchrist have a chance? will the public employee unions line up behind Joe Dunn against Sup. Janet Nguyen.
- OC Treasurer Chriss Street
- Janet Nguyen and The Extra Staffer
- The possible Jim Gilchrist v. Loretta Sanchez match-up
- Will Joe Dunn run for Supervisor?
Later on today I'll talk to Westminster Councilman Kermit Marsh about "The Death of a Costco."
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Did Adam Probolsky just say, "...thousand of dollars is really not a bid deal"?
Adam, when did become so liberal in your spending? Actually, in this case, it is the taxpayers' monies that Janet, your client, is spending...
Nice work Matt. Maybe you can list the timing of each segments. Thanks.
Matt,
It was a great interaction between two gentlemen Nick and Adam.
But not so sure about either man's prediction.
It’s very sad when so-called conservatives can buy into the hysteria generated by a union boss invoking the fears surrounding the OC bankruptcy. So many inaccuracies from Nick – Bob Franz doesn’t have the necessary financial background to run a $6 billion pool; OC did not “elect” BK, it was forced into it due to liquidity calls; CALPERS is allowed to invest in stocks, bonds and real estate – its note program is very small – one would expect to see a small percentage in SIVs; credit watch negative does not necessarily precede a downgrade – even if a downgrade occurs, the investments would likely retain high investment-grade ratings; Citibank bailed out its SIVs this morning; Robobank announce restructuring that will occur in January – this will result $80 million left on credit watch negative, the remainder of the banking community will soon follow, making this a total NON ISSUE. Please read Mr. Streets response to these issues in this morning’s Register op ed. Fascinating that this was not referenced.