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Friday, August 11, 2006

San Diego Press Telegram | Enron-by-the-Sea

6 year of a Republican House and Senate.

San Diego's awful audit leaves it looking for ways to pay its pension bills. The all-but-bankrupt city of San Diego has earned the comparison with such financial failures as Enron, WorldCom and Orange County, according to Arthur Levitt Jr., and he ought to know. He is the former chairman of the Security and Exchange Commissions and a respected figure in the field of finance.

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