Poor Matt/Jubal Cunningham. He just can’t stop shilling for his Republican pals. He posted an article this week over at the Red-faced County blog, with the headline, “OC Investment Pool Snags Top 10 Rating,” complete with a picture of O.C. Treasurer/Tax Collector Chriss Street smiling with a word balloon emblazoned with “Ha!” Street was also quoted saying that “The taxpayers have a great investment team that takes pride in their research and investment process.”
Hold your horses Matt/Jubal, the O.C. Register is reporting that your pal Street, blew $62 million on something called “Whistlejacket,” which “is a structured investment vehicle, or SIV, a package of assets such as auto loans, credit card receivables and mortgages. Unlike stocks or bonds, many of those assets aren’t widely traded, so they cannot be accurately valued by outsiders.”
The Register also reported that the SIV market began collapsing in the summer of 2007, and sure enough Street put all that money into “Whistlejacket” in 2007.
And it gets worse. “Street held $837 million in SIVs when the market collapsed – nearly three times what he inherited from former Treasurer John Moorlach in December 2006.”
Street also “sold a $75 million investment in Sigma Finance for 91.5 cents on the dollar last September – just weeks before Sigma failed.”
Now that the County is laying off workers, all of this wasted money sure seems significant, even though it is just a small piece of the $6 billion investment portfolio that Street manages. Does Street really deserve to be praised? I don’t think so, but try convincing Matt/Jubal of that.
Art, you are one bizarre guy.
You see me at the Freedompolitics.com party and come over all smiles, shaking my hand and chatting me up as if we were pals.
Now that you’re safely at your computer, the knives come out. You’re very keyboard brave.
As for the post: I simply posted a press release from Street’s office. I use that word balloon picture for posts when the news about Street is positive. I have a couple of other word balloon photos for when the news is negative. That’s about all there is to it.
Matt,
Don’t be silly. I am always polite to people in public. Moreover, this post wasn’t an attack on you. I realize you think everything is an attack on you. That is called paranoia amigo.
Perhaps you can avoid these situations by not merely running press releases? I realize that makes for a quick story, but any trained monkey can do that. You’re supposed to be a big shot blog editor.
Lastly, you ignored the Register story about Street blowing a big was of public money. Why did you tout his press release, than ignore the bad news later? You should have updated your story. But hey, feel free to run Red County as you please – just don’t expect us to be impressed when you run fluffy stuff that pumps up your GOP machine amigos.
I am always polite to people in public.
I think the term you’re looking for is “two-faced.”
Moreover, this post wasn’t an attack on you.
You call me a shill, but there’s no attack on me. Got it.
Lastly, you ignored the Register story about Street blowing a big was of public money.
No, I did not. It was the top story on the Nnews Roundup.
I’ll never get these few minutes back, so I’ll be off. You can return to defining yourself around me and Red County.
Matt/Jubal,
Are you sure you are cut out for blogging? You have an awfully thin skin.
The fact is, you are a shill. That isn’t an insult, it is just the truth. If you don’t like it, then stop being such a shill!
Forgive me for not noticing your news roundup. I don’t generally read that. But you sure went out of your way to praise Street, while barely referencing his latest failure.
Doesn’t it bother you to be such a shill? If it does, then just stop it and be your own man, if your party machine will let you…
Art:
You’re 40 years old. You can grow up, or you can keep acting like a name-calling adolescent.
If you can manage the former, serious people might actually start taking you seriously, and you’ll be able to keep friends instead of alienating them.
Matt/Jubal,
And you are still using the lame anon name “Jubal” years after you were outed by the OC Weekly!
You are the last one who ought to be upbraiding me. You supported the ultimate adolescent pig, Carona – and have you forgotten the “Urell Amigos” fiasco?
Look, I don’t have any particular animus against you. You’re just another GOP lemming. It’s fun poking at you.
And I know who my friends are, thank you very much. Very few politicos on that list.
Nicely done Art!
“And I know who my friends are, thank you very much. Very few politicos on that list.”
I dare say that is most likely by shrewd political choice on their part, not by any choice you’ve made.
#8,
LOL! There aren’t many shrewd politicians in the OC…but the ones that count are amongst my friends.
I am a lot more careful about whom I befriend than Matt is…if you pay him, he’s your pal!
Months ago Street said he expected to get the counties money back because the underlying assets were paying. Well the county has NOT got their (our) money back.
Getting back 90 cent on the dollar and 84 cents on the dollar are known AS LOSSES.
Orange County need to reorganize and dump these elected offices that are nothing more than civil service department heads. (the Sheriff, Treasurer, Clerk, Recorder, etc.)
It sucks the taxpayers of Orange County are still paying 80 million dollars a year on the prior bankruptcy debt, and now this goofball Street is adding to those losses.
…if you pay him, he’s your pal!
Thanks for demonstrating for the umpteenth time, Art, that you are a liar.
Sort of like the 201-500 employees you claim work for Pedroza & Associates!
Jubal,
It sounds like I need to revise one of my bios. I used to manage safety for about 500 workers. Now I work for myself as a consultant.
As for this issue of pay to play, give me a break. You ARE a paid shill. Why would you deny that? It is absolutely true! And this summer your wife was also a paid shill, for the awful Prop. 8.
Feeling brave behind the keyboard, I see!
I am a consultant. So are you. My field is public affairs, yours is safety training. Clients pay for my experience and expertise to assist with their goals. They do not pay for my friendship, which is the claim you made and to which I responded. Sorry for holding you to some standard of logic, fact or truth. I realize that makes you uncomfortable.
As for your Tourettes-like compulsion to label me a shill, I believe the psychological term for it is “projection.”
As for my wife, lay off. On your best day, you can’t claim a molecules-worth of her intelligence, class and character.
Matt/Jubal,
Who are you kidding? You are a mouthpiece for your party’s machine, period.
As for Mrs. Jubal, it is neither intelligent nor classy to deprive your fellow Americans of their rights. You should both be ashamed for being paid to hate.
Like I said, you’re awfully brave behind a keyboard, and adept with your trademark “when did you stop beating your wife” style of arguing — which is typical of people with nothing in the intellectual quiver.
Keep chattering away, Art. It’s easier than using your cabeza
Matt/Jubal,
I am brave all the time. Why don’t you ask your pal Busty how I handled him in the Santa Ana council debates last year?
I have no idea if you beat your wife, but I do know she took money last year in return for drumming up hate in the Latino community. Not cool. You both ought to be ashamed of yourselves!
So much ego, so little justification for it.
As for Prop. 8, I am very proud of my wife’s work to preserve marriage against the faddists, relativists and assorted kooks who think government should be able to redefine that fundamental institution at will. And whatever help i was able to provide to the campaign, I am proud of as well.
And Art — you really need to find a way to elevate the intellectual substance of your arguments above 10th grade. Sloganeering isn’t the same as thinking.
Matt/Jubal,
Redefining marriage? You mean like your boy Carona when he was doing two Debbies at a time? I don’t recall that you ever apologized for backing him in 2006, did you?
What about your boy McCain dumping his wife as soon as he got back from Vietnam, for a beauty queen half her age? How did that preserve marriage Matt?
Give me a break. You Republican Talibanis are a bunch of hypocrites.
Art, that like saying that because some people lie, there is no such thing as the truth. Come on, you should be capable of something more than superficial thought.
Matt/Jubal,
And yet you endorsed Jim Silva, even though he is completely incapable of coherent or superficial thoughts.
Give it a rest Matt. You are a red hack. Just admit it and move on. You can debate me until the cows come home and it won’t change the fact that I am proudly independent and you are a shill for your party machinery.
Again, if that irks you, then man up and stop doing what your party hacks tell you to do. You used to stand on your own two legs, didn’t you? Perhaps they still work? They might be atrophied, but give it a try Matt. Take one small step at a time..
Give it a rest Matt. You are a red hack. Just admit it and move on.
Translation from Pedrozaspeak: “Dammit, Cunningham has smoked me again! I got nothing left but stale, irrelevancies and transparent, failed attempts to divert attention away from the fact I have no rebuttal! Oh well. I’ll just call him a few more names and call it a night! Glad I have this keyboard for protection.”
Matt/Jubal,
What’s with all the veiled threats? What exaxtly is my keyboard protecting me from?
It’s not terribly bright for you to put such threats in writing, much less on a blog. Are you seriously callig me out?
Get some therapy Matt. It sounds like you need anger management.
Why, by the way, did you attend the Register’s Freedompolitics.com party? You don’t believe in freedom – you worship power, not liberty. The last thing you Talibani types crave is freedom! Just look at what you and Mrs. Jubal did with Prop. 8…that was about taking away civil rights!
This string is vastly entertaining if just a wee bit puerile for grown men.
Welcome back to OJ Jubal!
Oh no! Principal Zenger has called us into the office! LOL.
Jubal can’t help himself – and he still hasn’t called Street out for wasting our money. Nor do I expect him too. But it has been great fun parrying his awkward attempts at wit. Pobrecito!
DZ:
Puerile? Sadly, too much so.
Unfortunately, that is the only type of discussion of which Brave Art, the keyboard hero appears to be capable. If he could actually engage me in a discussion in which he did not quickly resort to insults and red herrings…but why speculate about the impossible?
But your intervention did provide an opening to Art to extricate himself.
Matt/Jubal,
Wow. That comeback took you over 12 hours to come up with? How very Palin of you.