Exclusive DWP Lawsuit Details The City and DWP Have Been Fearing (BIG PAYMENT ALERT) & LAUSD Misplaces $400 Million in PCs & Software

FRIDAY NIGHT UPDATE: DWP WANTS TO SCARE YOU INTO A RATE HIKE...WAIT UNTIL YOU READ THIS: It's like bank robbers calling the bank to ask them to add more money to the vault because they have been robbing the bank at night and they need more money to rob. That story reminds me of DWP. CITY COUNCIL...YOU BETTER NOT GIVE THEM THAT RATE HIKE UNTIL YOU READ THIS, BECAUSE YOUR CONSTITUENTS WILL!

Plus letter from David Nahai to LADWP Oversight Committee -- whining like a shady crybaby about their "NO" position on the rate hike (until an IEA survey can be completed). But that would delay the flow of money to be kicked back, I mean used to prevent a loss of services another six months. CLICK HERE

DWP MASSIVE LAWSUIT ALERT: Just when DWP didn't think "DWP 'Doh!' Day" could get any worse...Captain Jack Sparrow, Zuma Dogg has been in contact with the terminated DWP employee who blew the whistle on the no-bid, low-quality, overpriced supplier; who is leading the lawsuit of eight against DWP and the City of Los Angeles. Details won't be pretty in court. Could be a bigger payout than most folks will be comfortable with. (There's a reason we needed Prop S to pass, and this is the BIG one, according to Cpt. Jack, right?) This doesn't have to be a ZD exclusive if LA Times and Daily News would jump on board.Here's the story link and video.

4:00 PM UPDATE: LAUSD SEEMS TO HAVE MISPLACED ONLY $400 MILLION IN PCs & SOFTWARE (Oh good! I don't start to get concerned till they lose $401 million's worth.)

2/15/08 NEWS ALERT: 2/15/08 PARKSIAN FISCAL ALERT: CRA & Municipal Bonds are failing to sell on Wall Street due to bond insurer downgrades. Will have to offer 8% interest (or more) to attract buyers. OH MAN IS THE CRA AND MUNICIPAL BONDS IN TROUBLE!!! Hope LACER/CALPERS ISN'T HOLDING THESE. Taxpayers are set up for a bigger burn than Malibu. CLICK HERE

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