Lehman Bros. Bankruptcy May Affect Tuolumne County

Sonora, CA -- According to Tuolumne County Treasurer and Tax Collector Del Hodges Tuolumne County had $2 million invested in Lehman Bros. which declared bankruptcy over the weekend.

Hodges has stated that he could have sold the county's interests for $.25 on the dollar but it was recommended to him by several parties including former County Investment Advisor Dan Calabrasi of CSAC-EIA that Tuolumne County hold on to the bonds and see what develops with the bankruptcy settlement.

Hodges mentioned that CSAC-EIA also has investments with Lehman Bros.

Written by bill.johnson@mlode.com

Other News

• Majority Of Curry Village Will Remain Closed Following Rockslides 
• SRMC President Will Talk Healthcare On Mother Lode Views 
• Fog And Smoke Noticeable In Mother Lode 
• Local Schools Defeated In Playoffs: Oakdale To Learn More Monday
• Judges Suspends Oakdale Vs. Colfax Football Game
• Calaveras ATV Accident Leads To DUI Arrest
• Gas Prices Falling In Mother Lode 
• Area Students Recognized For Accomplishments 

Click here to search the local News Stories

Get the news delivered to your mailbox. See all the day's local news at once without having to click through the site. Find out more by clicking [here].