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Friday, July 1, 2011

FISCAL FRIVOLITY?

The Daily Item: Saugus credit union pulls out of LVTI

Is this "error" just more evidence of fiscal incompetence or just more voodoo economics? I was in the audience when the vote was taken to send out a RFP. If I remember correctly (remember now I have brain damage) St. Jeans was ready to step right in at that point but attorney Mihos pointed out the proper way to handle this was to put it for competitive bid unlike how Saugus Credit Union managed to get itself in LVTI.

The fact that this request for RFP's just got lost, makes me feel a little uncomfortable, just like the MYSTERY APPEARANCE of HALF OF A MILLION DOLLARS.

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