For two years before Orange County went bankrupt, Merrill Lynch
& Co.
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For two years before Orange County went bankrupt, Merrill Lynch
& Co.
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The two central figures in the Orange County bankruptcy who saddled
the county with billions of dollars in risky securities admitted in
lengthy depositions released Wednesday that each knew little about
municipal finance.
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The two central figures in the Orange County bankruptcy–who
saddled the county with billions of dollars in risky securities–admitted
in lengthy depositions released Wednesday that they knew little about
municipal finance.
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A Senate committee on Wednesday unanimously passed without comment
a bill that state investigators had claimed Southern California Edison
was trying to use to curtail their police powers.
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It’s been a year since the city of Orange dropped this bombshell on
its residents: The operator of the city’s waste recycling plant may have
“misappropriated” perhaps millions of dollars for personal use that
belonged to the city, and Orange police and the district attorney’s
office were investigating.
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Southern California Edison wants the Legislature to strip the
Public Utilities Commission’s investigators of their police powers for
participating in last fall’s massive criminal raid of the utility’s
corporate headquarters, according to two state officials.
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Southern California Edison wants the Legislature to strip the
Public Utilities Commission’s investigators of their police powers for
participating in last fall’s massive criminal raid of the utility’s
corporate headquarters, according to two state officials.
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Southern California Edison is trying to change state laws to
severely restrict the Public Utilities Commission’s investigative powers,
following the agency’s allegations that the massive 1996 Calabasas fire
started on a utility power pole.
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Southern California Edison wants the Legislature to change state
law to severely restrict Public Utilities Commission investigators’
police powers, after the state’s allegations that the massive 1996
Calabasas fire started on a utility power pole.
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