Clear
70.2 ° F
Full Weather
Sponsored By:

Lehman Bros. Bankruptcy May Affect Tuolumne County

Sponsored by:

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

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • Fire Info
  • Weather
  • Dining Guide
  • Classifieds
  • Events
  • Movies
  • Tourism
  • Polls
  • Traffic
  • Media
  • Real Estate
Feedback