Derek Casady

READER’S EDITORIAL: SAN DIEGO CITY COUNCIL SHOULD MOVE FORWARDS WITH A CITIZEN PETITION TO PUBLICLY FUND ELECTIONS

 By Nadin Abbott

 
January 15, 2012 (San Diego)--On Thursday January 11th, 2012 Mr. Derek Casady of La Jolla brought a proposal for the June Ballot allowing for voluntary public financing of elections in the City of San Diego. We are just starting to see the toxic effects of the Citizens United Supreme Court Decision on our democracy. In that decision, the Supreme Court ruled that corporations could pour virtually unlimited amounts into funding campaigns for candidates and political initiatives, opening wide the floodgates for corruption and undue influence on public officials. 

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FORMER EAST COUNTY EDITOR AND CONGRESSIONAL CANDIDATES FILE LAWSUIT TO FORCE RETURN OF TAXPAYERS’ BAIL-OUT FUNDS PAID TO BIG FINANCIAL INSTITUTIONS



“$40 billion has been stolen. Let’s get it back.” – Mike Aguirre

 

Plaintiffs ask public to urge Senators to press Dept. of Justice to join suit; say federal government should recover bailout funds to reduce deficit instead of slashing Medicare and Social Security

Story and photos by Miriam Raftery



July 7, 2011 (San Diego) – Derek Casady, former editor of the Daily Californian newspaper in East County and his wife, Nancy, have filed a lawsuit against several of the world’s biggest financial institutions alleging that AIG and others engaged in fraudulent practices and misled the federal government to get bail-outs. The suit documents fraudulent practices alleged in detail. It also seeks return of bailout monies paid for with taxpayers’ money—plus triple damages and a jury trial.


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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.