Monday, April 5, 2010

EXTRA, EXTRA, Read All About It...City of Los Angeles Announces They Have To Deplete Reserve Fund To Make Payroll (Meltdown Begins!)

[Pictured: L.A. City Hall appears to be turned upside down these days amidst a crisis with no leaders on board. At least the credit rating agencies seem to think so.]
  1. ITEM 12 on Tuesday L.A. City Council Agenda: Council to reaffirm request to DWP to transfer the damn money. Gonna get ugly. Can't wait! TV35 2 minutes ago via HootSuite
  2. Meg Whitman gives Gov campaign for GOP another $20m. That's $59m so far from personal fortune. She's already spent $46m. (Good luck Jerry!) 18 minutes ago via HootSuite
  3. R U STILL CRYING ABOUT THIS: Council & Villaraigsoa Increased Workforce, Raises In Face Of Budget Crisis http://tinyurl.com/yazngsn OLD NEWS 19 minutes ago via HootSuite
  4. DAILY NEWS Breaking news: City could go broke by June 30: Los Angeles could be broke by June 30 - http://bit.ly/adX0pv (I TRIED, WENDY!) about 2 hours ago via HootSuite
  5. DWP DOWNGRADE TO MATCH CITY'S?: Fitch rating agency had assumed the rate increase would be approved. http://ow.ly/1uWOK (This is SO blown) about 3 hours ago via HootSuite
  6. RT @JerryBrown2010: Tomorrow at 10a details of Corey Haim's "Dr Shopping" for pills. (ANYTHING but exposing political corruption, Jerry.) about 3 hours ago via HootSuite
  7. Letter from Wendy to Mayor and Council saying they're gonna be broke in June. Real doomsday stuff... http://ow.ly/1uUaE about 6 hours ago via HootSuite
  8. Breaking news: L.A. faces insolvency without using $90M in reserves: The Los Angeles city controller has warned th... http://bit.ly/doTnCm about 7 hours ago via HootSuite
  9. EXTREMELY SHORT TERM FIX?: "By tapping into reserves, Greuel also warns the CITY WILL EXHAUST THE RESERVES by June 30." Hi, Wendy! It's ZD! about 7 hours ago via HootSuite
  10. ZD said, "You won't have to lay people off, you're gonna run out of $." Now Controller warns city won't make May payroll w/out reserve fund. about 7 hours ago via HootSuite
  11. Los Angeles Faces Insolvency Without Using Reserve Fund - http://ow.ly/1uTcq (Huh, ZD told you Wendy. You're dumber than a pet rock.) about 7 hours ago via HootSuite
  12. DWP Tells L.A. City, "NO" To Shady $73 Million Money Transfer, and L.A. Controller Announces City is Broke in June http://ow.ly/1uTau about 7 hours ago via HootSuite
  13. BREAKING NEWS: DWP says it will NOT give City of L.A. it's shady $73 million that dummy controller Wendy Greuel is asking for to pay bills. about 7 hours ago via HootSuite
JUST WONDERING: I thought the City Charter mandates that the reserve fund be kept at a certain level. If so, they sure as hell won't be at that level after a $90 million transfer. This can't be true, cause otherwise I'm sure Wendy "Hellen Keller" Greuel won't be speaking of this measure.
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