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15%  
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  • Payback Delayed (Lt. Gov candidate Garamendi has some explaining to do)

    10/02/2006 1:03:46 PM PDT · by calcowgirl · 21 replies · 693+ views
    CalNews ^ | October 2, 2006 | Geoff Metcalf
    Mendacious: Given to or marked by deliberate concealment or misrepresentation of the truth. John Garamendi is running for Lt. Governor and to supplement an apparent mendaciousness, he is praying for induced selective memory loss. Some fifteen years ago, as California insurance commissioner, Garamendi seized the assets of the Executive Life Insurance Company. In doing so, he allowed a questionable junk-bond player and a French government-owned bank to realize a humongous windfall despite a bunch of annuities and policyholders getting the short (and dirty) end of the stick. It is beyond troubling that the man who is ‘supposed’ to be the...