SEC orders Miami to turn over its financial books
Any city dealing with federal funds, especially a city like New Orleans, should take note of this story.
Let's hope we've dealt with Katrina funds properly. More speculation on this matter is forthcoming in a very lengthy post....stay tuned.
In the meantime, check out Brenda Hatfield's response to the OIG report on the inadequacies of the city's budgeting process. Keep this in mind: