Seems like the OCDA likes to prosecute cheating students much better, even when pittetd against celebrity attorneys, than public officials, such as in the recent death of an inmate while in custody, now the OC Tax man.

Two points. First, that the DA has decided not to pursue these allegations is not the same thing as a judgment that Street has not conducted himself badly.

Second, long before Street got the remodeling bug, he oversaw the bankrupt Fruehauf Trailer Corp.'s pension fund. Back in 2006 (April 22), the OC Reg reported that:

Operating with virtually no oversight, Street ran the [pension fund] for seven years, more than twice its expected life span, while ringing up hundreds of thousands of dollars in expenses. He also enjoyed such perks as a trust-owned SUV with XM radio.

"This is way out of line," said Richard Marshack, an Orange County bankruptcy attorney who frequently worked as a trustee. "You don't need a Phi Beta Kappa to tell you that." (End of quotation.)

I don’t know what Moorlach’s beef is with Street, but I do know that Street is just another of TOM FUENTES’ ethically challenged pals. What's the matter with the OC GOP anyway? Inquiring minds wanna know.

Roy:

You bring up very good points

Given Street's history, would inquiring minds not want to know where the BoS has been in terms of providing oversight - your argument implies that the BoS should bear more of the responsibility than Fuentes...unless I misunderstood your inquiring minds post.

I'm perfectly happy to point a finger of blame at the "BoS." Why not? But why not point it at advisor Fuentes, too?

Blameworthiness is a highly versatile property, I find.

What about accountability? While Fuentes can be blamed, the buck stops with the sups.

Actually, the buck stops with the voters. County Treasurer is an elected job.

you people really need to get your facts straight,,,,the april register article was based upon an unverified filing by the successor trustee to the freuhauf trust. since that unverified filing, street has litigated the matter in delaware and, as a result, the successor trustee has been condemned by the court for improper tactics and actions. the court has stayed the adversary action pending resolution of street's cross complaint against the successor trustee and has sided with street in almost every instance where street has filed a motion to compel production of documents while have, and will continue to, exonerate him. al this is public record if you would simply choose to deal with facts and not fiction

in addition, as treasurer, street has increased efficiencies and reduced costs to such an extent that he has won a national award.

the board of supervisors, in not rushing to judgment as some had advocated, acted with prudence and wisdom

Anon:

Ironically Mr. Street's association with the Treasurer's office dates back to 1994 when he and John W. Moorlach sounded the alarm on risky investments made by then County Treasurer Robert Citron.

A few months back, Moody's Investors Service said it might downgrade dozens of structured investment vehicles (SIV). Twenty percent, or $460 million, of the county's $2.3 billion Extended Fund were then invested in SIVs.

Moorlach sought to have Street stripped of his authority to manage the county's $6 billion of investments in September amid federal and local corruption probes. He said Street was too distracted by the probes to manage the county's money. Moorlach’s response to the SIV issue? Let’s wait and see if we have a problem!

The question is, is this also fiction, or an inconvenient truth?

I wonder why Rackauckas decided to drop the investigation... all the charges dropped against Street seem to indicate that him and his office conducted themselves appropriately. I always thought the charges were kinda ridiculous, I mean the allegations were about remodeling for goodness sake.