The Orange County Bankruptcy of 1995 Financial Essay
Twenty-three years later, that shadow has been lifted. The province on Saturday made the final payment on the bonds it used to emerge from bankruptcy. With interest, the. Because they have lost confidence in the financial stewardship of the bankrupt county, the Orange County Employees Retirement System. ORANGE COUNTY IN BANKRUPTCY. February 15, AM PT. Facebook Lessons from the Orange County Bankruptcy: John Moorlach. Thomas Hayes, right, the former state treasurer hired to assess Orange County's financial disaster, emphasized that this is important. When Orange County, California filed for bankruptcy protection, it became the largest municipality to declare bankruptcy in U.S. history. In the first comprehensive analysis of this momentous budget crisis, Mark Baldassare exposes the many twists and turns from the dark days to, for Orange County, the debt piled up by ultimately risky investments. When it filed for bankruptcy, the county reported investment losses of 1. “We haven't seen two of them in two. SANTA ANA, Calif. - The owner and CEO of a now-defunct Southern California real estate investment firm was sentenced today to months in prison for perpetrating a scheme that ended with the company's bankruptcy and hundreds of investors collectively losing as much as Michael J. . Stewart, 68, of San, Two top economists agreed that Orange County's bankruptcy will continue to hurt the region's economy, but they differed Thursday on whether a proposed half-cent sales tax increase would do so. would get. When Government Fails: Orange County Bankruptcy, A Policy Summary Mark Baldassare. Complete report prepared for PPIC's second annual California Issues Forum, Sacramento, California. Topics PPIC News Go to the homepage. Get email updates. ORANGE COUNTY IN BANKRUPTCY: Bren of Irvine Co. throws weight behind passage of sales tax increase: Politics: This is the first commentary on the crisis from the chairman of OC's largest landowner. Lessons from Orange County Bankruptcy: John Moorlach. Thomas Hayes, right, the former state treasurer hired to assess Orange County's financial disaster, emphasized that this is important. Nine months after Orange County's bankruptcy, a new poll shows the financial crisis has taken a significant toll on consumer confidence in the county.