Regional News
It’s Victorville, Jake: California City Faces Probes
Thursday, January 27, 2011
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SAN FRANCISCO — Victorville is in the hot seat.

The city in Southern California’s high desert is facing a Securities and Exchange Commission probe into bond sales, a grand jury investigation into its finances, and inquiries from neighboring communities about its curious bond-financing practices.

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Opinion

Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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