Greuel Slimes Patsaouras; Nick Issues Challenge
City Controller Candidate Wendy Greuel is airing the ad below where she alleges that opponent Nick Patsaouras, as chairman of a local bank, ran the bank into the ground.
However, the Sister City has located documents that show that Marathon National Bank, of which Patsaouras was Chairman of the Board, was acquired by First Community Bancorp in a 2002 merger. Additionally, records show that Marathon, in quarterly reports filed just before the merger, had significant earnings growth, hardly the picture of an institution in trouble.
Patsaouras has issued a challenge to Greuel - prove the bank failed and he'll drop out of the race. However if she can not dispute Patsaouras' claim that the bank failed Patsaouras is calling on Greuel to withdrawl.
We don't expect to Greuel to drop out even if she was wrong about Patsaouras' bank; its politics as usual in LA.
However, the Sister City has located documents that show that Marathon National Bank, of which Patsaouras was Chairman of the Board, was acquired by First Community Bancorp in a 2002 merger. Additionally, records show that Marathon, in quarterly reports filed just before the merger, had significant earnings growth, hardly the picture of an institution in trouble.
Patsaouras has issued a challenge to Greuel - prove the bank failed and he'll drop out of the race. However if she can not dispute Patsaouras' claim that the bank failed Patsaouras is calling on Greuel to withdrawl.
We don't expect to Greuel to drop out even if she was wrong about Patsaouras' bank; its politics as usual in LA.
Labels: 2009 primary election, nick patsaouras, wendy greuel
Posted by Michael Higby @ 3/01/2009 10:00:00 AM
25 Comments:
Banks that aren't in trouble don't merge. Higby you are an unbelievable shill for loser campaigns.
If that's the depth of Wicked Wendy's knowledge about finance and business we're sunk if she's elected.
Successful businesses get acquired and merged into other companies all the time, precisely because they're successful.
You've got to spin better.
Not true. Banks have been buying up each other and merging for years. Examples: Hancock Savings became Fidelity which is now Cal National. Home Savings became WAMU. Pacific Western Bank bought the very successful Verdugo Banking Company in Glendale which had other locations.
A candidate who failed to pay taxes running for City Controller? Are you kidding me?????
This is just the beginning - Wendy will continue to expose the bad guys as Controller.
LOS ANGELES TIMES
LOCAL ELECTIONS / L.A. MAYOR;
LOSSES ASIDE, PATSAOURAS CITES BANK AS A MODEL FOR POLICIES
By JAMES RAINEY, TIMES STAFF WRITER
A bank founded by Nick Patsaouras lost $2.9 million last year, nearly one-quarter of its basic capital, but the Los Angeles mayoral candidate continues to hold up the institution as a model for the business acumen and progressive social policies he wants to bring to the city.
In classic Skeltonian cowardly tactics - late hits with no chance to respond and set the record straight.
When history takes note of the negative campaigning of the late 20th and early 21st century Parke Skelton will be the first chapter, despite the fact that he claims he doesn't like negative campaigning - cough , cough....
Maybe Nick should talk about what happened with Wendy Greuel during her time at Dreamworks with the Playa Vista issue. I think he's too much of a gentleman to expose that.
Funny how NONE of this spew of revelations from the ACTION-CANDIDATE for city controller, Wendy Gruel, ever came to light before, and not all was a last-minute discovery for her part, maybe a last-minute creation with some help from campaign aides, though.
She's still not responded to the FULL STORY behind her charges in her slick campaign video on the Housing Authority and the Animal Services Dept.
That's her style (shared by her associates), just drop the bomb and by the time its able to be neutralized with a COMPLETE picture, the election is over, and it makes not a bit of difference- unless there's a run-off.
from inside cd-14
Mary C alert @ 5:21
2 DAYS LEFT
Angelenos complain and continue to reelect these same ineffective politicos over and over which is why the politicos do as he/she pleases with no accountability to their constituents. Don’t be fooled by the colorful fliers and twenty second media sound bites during elections. Vote these LA Politicos out of office on March 3, 2009.
Vote for Change!
Mayor Walter Moore
City Attorney Carmen Trutanich
Controller Nick Patsaouras
Measue A: NO
Measure B: NO
Measure E: NO
The Election Nobody Was Supposed To Care About
"Wendy Greuel is so afraid she might lose to city watchdog Nick Patsaouras that she just gave her campaign $110,000 of her own money and compromised her integrity and ability to actually do the job of City Controller by taking $200,000 from the IBEW. You might remember Greuel sponsored Measure B, championed it through City Council at breakneck speed without knowing anything about it except that it gave the IBEW a monopoly on all the jobs of a $3 billion solar program."
Ron Kaye L.A.
http://ronkayela.com
Haikula alert @ 7:57, She changed the ticket. Wacko Moore doesn't support "Nuch" He's a Haikook/Mary thing.
Vote Wendy Greuel on March 3rd!
Someone should ask Wendy Greuel about her involvement with Henry Cisneros at HUD.
In December 1997, Cisneros was indicted on 18 counts of conspiracy, giving false statements and obstruction of Justice. Medlar used some of the Cisneros hush money to purchase a house and entered into a bank fraud scheme with her sister and brother-in-law to conceal the source of the money. In January 1998, Medlar pleaded guilty to 28 charges of bank fraud, conspiracy to commit bank fraud and obstruction of justice.
George H. W. Bush's Treasurer Catalina Vasquez Villalpando (R) publicly referred to Cisneros and candidate Clinton as "two skirt-chasers." Cisneros lied about the amount of money he had paid to Medlar. The investigation continued for three and a half years.
In September, 1999, Cisneros negotiated a plea agreement, under which he pleaded guilty to a misdemeanor count of lying to the FBI, and was fined $10,000. He did not receive jail time or probation. He was pardoned by President Bill Clinton in January 2001.
Upon resigning from his post as Secretary of Housing and Urban Development, Cisneros became president of Univision, a Spanish-language television network. Cisneros serves as a board member for Latino Public Broadcasting, the American Democracy Institute and Live Nation. He also joined the boards of a major builder, KB Home, and the largest mortgage lender in the nation, Countrywide Financial — two companies that rode the housing boom, drawing criticism along the way for abusive business practices[4].
In August 2000, he formed American City Vista, a joint venture with KB Home for the purpose of building homes in central areas of major metropolitan areas. American City Vista was later transformed into CityView, with Henry Cisneros as Chairman and Joel Shine as President. With offices in Santa Monica, California, and San Antonio, Texas, CityView provides financing to housing developers, as well as acting as a builder. In 2006, Builder Magazine named Cisneros #18 out of the top 50 most influential people in the real estate industry.
From 1993 to 1997, Greuel worked in the administration of President Bill Clinton. She served with Cabinet Secretary Henry Cisneros as the Field Operations Officer for Southern California for the Secretary of Housing and Urban Development (HUD).
8:34 I hear Cityview is not in the best financial shape.
Mary's for Nuch. Wacko and Nuch. That's your "Cheat Sheet" Walter Moore.
Wendy Greuel, yuck
She has not done a thing in my area (despite many phone calls)
Don't vote for these clowns again, vote for a new set of poeple like Moore-Evans
Oh Wendy is obviously running scared. As she should be...
Come on Los Angeles, get rid of her now while you have the chance. Especially all you old school haters of back room City Hall politics.
She's entrenched in them.
Go Nick Patsaouras!!
11:37, of course Wendy knows about business. Her parents owned a hardware store. Beat that.
Did James Rainey from the Times seriously call Patsaouras a mayoral candidate in a controller article?? And we expect the average voter to be smart?
Vote Wendy Greuel out on March 3rd and get some new blood in, like Patsaouras!
Go Nick.
And we all know Cisneros wasn't chasing Wendy's skirt. ;)
VOTE NICK!
ALL WENDY GREUEL HAS GOT IS LIES THIS WOMAN WILL RUBBER STAMP CITY HALL. JUST WATCH SHE'S NO BETTER THAT NICK, THEY WERE BOTH INSIDERS YOU'LL PAY DEARLY FOR IT. BOTH ARE FRIENDS OF THE MAYOR AND HIS MACHINE ONLY "SUZY EVANS" IS A CONTROLLER AND WENDY FOUND NO DIRT ON HER. WE WILL NEVER GET GOOD HONEST PEOPLE IN OFFICE TILL HIGH PRICED AND FINANCED ADS ON TV ARE STOPPED. UNIONS,CONTRACTORS AND SPECIAL INTERESTS WILL CONTINUE TO CONTROL ELECTION OUTCOMES.
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