David Sundstrom On The Street Situation

While a bunch of us waited for get our copies of Treasurer Chriss Street's phonebook-size "Report to the Public," I spotted Auditor-Controller David Sundstrom nearby talking with KFWB-AM's Jennifer Bauman about the implications of Board of Supervisors' possible transfer of Street's investment authority to the county CFO:

Comments

[Citizen Betty]

Thank you for filming and posting the videos. All of it has been interesting to view for one reason or another. This Sundstrom piece was of note to me because he explained that taking away Street's investment powers, which apparently number three to four a day and have many levels of oversight, pale in comparison to the damage he could theoretically do with the thousands of banking transactions that occur daily. And the Supervisors have no power to strip Street of his banking responsibilities...