You forget that the SABB board includes a City Clowncilman – Carlos Bustamante. That SHOULD preclude the City from putting ANY money in this bank.

BTW, Amezcua says he is not running again for the RSCCD Board. Methinks something is up at SABB.

FWIW, SABB is teeny, tiny. They have 10 employees. If you want to check out their stats, you can go to http://www.fdic.gov. Click on “Industry Analysis” and then click on “Bank Data & Statistics.” From there, choose “Institution Directory.” Under the blue/black banner of “Find All” click on “Institutions.” In the box for “Institution Name” type “Santa Ana Business Bank,” and click on the “Find” button. When SABB pops up, click on the cert number (58390) and you will get a new page. For assets and liabilities (the default), just click “Get Report,” and bingo – you’ve got your info.

Then pick another local bank – maybe First Federal of California – and compare the number. SAAB has only 10 employees. They certainly won’t be handling the bond indenture trusts. That will likely be US Bank or Wells Fargo, who have the staff and expertise to handle such matters. SABB may hold some city deposits, but that’s hardly nefarious. Just about every city I know of spreads the love, er, deposits, as a safety measure (IndyMac, anyone?).

Who decides where the bond money should be parked and managed? This clearly seems like a conflict of interest to have council members’ banking institution have an unfair monopoly on incoming tax monies that the council is also in charge of spending. How many of these guys, their family members and business “associates” are on the bond oversight steering committee?

This thing is starting to stink worse than Judy Ware’s place. At least she has a legitimate excuse of managaging actual garbage.

I believe the cost per student was quite a bit different for SAC vs. Santiago. SAC’s enrollment is quite a bit larger than Santiago, isn’t that right?

Thanks for the spending recap. There were a number of items that are beneficial to all of the students.

Good info, thanks. Would you please tell me how much was spent at SAC once you remove the money spent on the Carona Sheriff Training Facility?

Also, wasn’t there going to be a new math/science building built as well? Were there other structures or projects promised that weren’t built? And were the voters aware that so much bond money was going to be spent on the Carona Sheriff Training Facility?

Really man….why didn’t you blame the ‘racist’ Minutemen for THIS debacle too? I mean, another poor group of Mexicans failing…it’s GOT to be the fault of SOMEONE out to get them..right?

OK, I know your article was right on…so how is it that someone (you) with the ABILITY to be logical can let his love of “La Raza” blind him to right and wrong?

Please make up your mind whether you will be a hateful, pro-Mexican at-any-price closet racist, or a logical, fair minded thinker (as in THIS piece).

I wonder if you have THIS bumper sticker on your car;
“Roses are red, Violets are Blue, I’m Schizophrenic..and so am I”

It figures you’d say that.