Thanks for the Simon S&L explanation. Just goes to show- I was actually questioning Simon on this issue because I was getting my information from Grey's commercials. Scares me to think about how it is perceived by the lesser informed electorate. Maybe Simon needs to address some of these non-issues in a commercial. Yes, it would be a defensive move, but it cuts the Davis propaganda off at the knees.
I'm sure both sides are doing polls to see how well the issues stick. My guess is that the negative Davis news, which is a lot more colorful and directly involves his job performance, is a lot clearer in voters' minds than this account of a relatively minor Simon family investment.
Before I got into the details of the case, I figured the Simons were simply involved in a venture capital investment that didn't work out, of which there are millions in the world, whether S&Ls or not.
Even if you pretend for a moment that these extenuating circumstances weren't there, I doubt that it matters much. It's pretty obvious by checking out the career of the man that overall he has been highly successful. Bill Simon is an active investor. Active investors have successes ... and failures. End of story unless you can find something really terrible.
D
This was reported in the Sacramento Bee and sindicated in many smaller papers thru out CA including my local rag the Long Beach Press-Telegram.