Here’s a gem that you won’t find in the Kroll report:

Yesterday, I ran into Mayor Jerry Sanders as he was heading up to the City Council Chambers before Kroll’s presentation.

I asked him if he was nervous about the report.

“No,” Sanders said. “This doesn’t have much to do with me.”

You can imagine his surprise then when Arthur Levitt and company trashed his plan to bolster the city’s beleaguered pension fund with pension obligation bonds, questioned the willingness of city government “to face up to its financial reality,” and blamed San Diego’s economic problems on its political leaders.

For more on how the Kroll report impacts Sanders’ plans click here.

DANIEL STRUMPF

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