Monday, September 1, 2014

Petition for a writ of mandate

March 29, 2014 |

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[1]             Orange County’s bankruptcy resulted from its treasurer-tax collector (Robert Citron) sinking much of the county’s investment pool in highly leveraged, risky investments in derivatives and various securities.  Rising interest rates caused the county to suffer losses; Citron chased his losses, borrowing $600 million, and by doubling-down based on his certainty that interest rates would recede.  Citron was wrong.  The net result?  Over $1.5 billion in losses in funds that belonged not only to the county but money from cities and other local agencies, chief among them school districts that were required to invest through the county’s investment pool.  Public Policy Institute of California, When Government Fails: The Orange County Bankruptcy 2-4 (March 18, 1998); New York Times, Orange County’s Bankruptcy: The Overview; Orange County Crisis Jolts Bond Market (Dec. 8, 1994), available at (visited March 23, 2014).

[2]             While Briggs’ statement refers to his service on various boards, he does not appear to rely on those positions, and he does not in any event state whether he served on any of the boards “for a continuous period of not less than three years.”  Nor do any of the boards listed on the statement qualify as similar to the designated positions in section 27000.7(a)(1).

[3]             See March 20, 2014, Declaration of William E. Schultz, Registrar of Voters of County of El Dorado in Opposition to Petition for Writ of Mandate, ¶¶ 4, 10, Sullivan v. Schultz, Placer Cnty. Super. Ct. Case No. S-CV-0034346, a true and correct copy of which is attached as Exhibit B to this petition.





‘Cody just vanished’: Parents of missing man still hopeful

By Cole Mayer | From Page: A1 | Gallery

Heard over the back fence: Posse fundraiser Sept. 6

By Bob Billingsley | From Page: B1

County moves to privatize mental health facility operations

By Chris Daley | From Page: A1 | Gallery

City Council: Candidate forced to change statement

By Wendy Schultz | From Page: A1

City bike and trail projects move ahead

By Dawn Hodson | From Page: A3

Six indicted on meth, heroin trafficking

By Cole Mayer | From Page: A3

Cameron Park burglar caught on camera

By Cole Mayer | From Page: A3

Board of good sports

By Chris Daley | From Page: A9 | Gallery



The balancing act: More county shenanigans

By Larry Weitzman | From Page: A4

California rambling: Surprising Santa Clara

By John Poimiroo | From Page: A4 | Gallery

Labor Day

By Mountain Democrat | From Page: A4



$80M sheriff’s headquarters boondoggle

By Letters to the Editor | From Page: A5


By Letters to the Editor | From Page: A5

Fiscal analysis? Absolutely

By Letters to the Editor | From Page: A5

Town hero to four-legged creatures

By Letters to the Editor | From Page: A5

Buying binge

By Letters to the Editor | From Page: A5

Wealth creation

By Letters to the Editor | From Page: A5

EID drought

By Letters to the Editor | From Page: A5



Schedule: Sept 1-7, 2014

By Democrat Staff | From Page: A6

Tribute to Tilford a wild one

By Bill Sullivan | From Page: A6

Cougars ‘cramp’ South Tahoe’s style

By Jerry Heinzer | From Page: A6

Oak Ridge opens with road win

By Democrat Staff | From Page: A6

Grizzlies dominate from start to finish

By Scott Warden | From Page: A6

D’backs record 48-0 shutout

By Brandon Anicich | From Page: A7



Lessons learned while roofing in paradise

By Wendy Schultz | From Page: B2 | Gallery

As we were: Drought issues

By Ken Deibert | From Page: B2

September is California Wine Month

By Wine Institute | From Page: B3

Film series starts with ‘Inequality for All’

By Coalition For Change | From Page: B3

Teen Court in Placerville invites new participants

By Health and Human Services Agency | From Page: B3

Sacworldfest kicks off arts season

By California State Unversity, Sacramento | From Page: B4



Lake levels 8-29-14

By Michael Raffety | From Page: A2

Crime Log: Aug. 13-16

By Cole Mayer | From Page: A2



Aaron Robert Smith

By Contributor | From Page: A2

Kathleen Ann Wilkes

By Contributor | From Page: A2


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