“Charter Amendment B is one of the most ill-conceived, half-baked
ballot measures to come out of City Hall in years, and that’s
saying something. There’s been no formal study, no plan, nothing
of substance completed to determine whether a Bank of Los Angeles
is even feasible, much less a good idea. Voters are being asked
to approve a vague concept and put their trust — and their money
— in City Hall to figure it all out.”
here to read the full text of the editorial.