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Robert Citron
Robert Lafee Citron (April 14, 1925 – January 16, 2013) was a Democratic Party politician who was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. Citron was the only Democrat to hold office in heavily Republican Orange County at the time. The bankruptcy was brought on by Citron's investment strategies,〔 Chapter 14: Orange County, pp. 221–244.〕 which seemed to be an effort to earn high incomes for the county without raising taxes through risky, leveraged positions in bonds. The strategy paid out at first. In 1994, a cash crunch occurred when interest rates increased and financiers for the county required increased collateral from the county.
==Early life==
Born in Los Angeles, Citron grew up in Burbank and Hemet. His father, Jesse, was the doctor who put an end to alcoholic W. C. Fields's love of scotch. The younger Citron made his career in the Treasurer-Tax Collector's department before winning election to the top job.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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