Pay-to-Play with the City Pension? Shelley Smith Must Go!
It turns out her husband's company handles $318 million in city pension funds that she is on the board of. The City Attorneys office directed her that either she or her husband would have to resign to resolve the blatant conflict of interest. Dimensional Fund Advisors instead decided NOT to renew their contract, forcing the city to liquidate the funds at a cost of somewhere between $30,00 and $3 million to the taxpayers and doing nothing but lining her and her husband's pockets!
Bernard Parks is the only one calling for her head! Where is the Council? More importantly, Where is the Mayor? Wisconsin!!! (I understand and agree with his support for Kerry, but it isn't like he was doing anything.)
Oh, wait, that's right, she is on the board as the elected member from SEIU 347! No wonder Hahn won't do anything. Yet again he has been bought and sold!
Even if it ONLY cost $30,000 (which no one seems to think except for her), it is wasting Bernard Parks time, the City Attorney's time, and the City Controller's time and all of the money on their staff's time tracking this stuff down!!!
WHEN WILL THESE PEOPLE LEARN!!!!
In case you were wondering, the LA City Attorneys Association (She is the President) has only donated $1,000 (8/4/03) towards Hahn's re-election, as opposed to their $7,000 in his last race ($1,000 on 12/20/00, $5,000 on 3/20/01, and $1,000 on 5/24/01). To Dimensional Fund Advisor's Inc.'s credit, they have not donated yet...Hahn better get on it!
This little search will show you who else in in their pockets too!