“Just like the Wall Street meltdown starting in 2008, virtually no one (save house arrest for Citron) was held politically or legally responsible for what happened with the people’s money during the O.C. bankruptcy,” said Mark Petracca, political science professor at UC Irvine. “It’s pretty darn amazing and there is a very troubling ‘lesson’ here for any public officials who wish to play fast and loose on the taxpayers’ dime.”

For the full story, please visit http://www.ocregister.com/2017/06/30/no-bankruptcy-as-colorful-as-o-c-s-last-bond-debt-payment-made/.