Robert Citron American Business
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About
Robert Citron is a member of the following lists: California Democrats, People from Los Angeles, California and University of Southern California alumni.
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Details
| First Name |
Robert
|
| Last Name |
Citron
|
| Birthday |
14th April, 1925
|
| Birthplace |
Los Angeles, California
|
| Died |
16th January, 2013
|
| Zodiac Sign |
Aries
|
| Nationality |
American
|
| Occupation |
Business
|
Robert Lafee Citron (April 14, 1925 – January 16, 2013) was a longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. The bankruptcy was brought on by Citron's investment strategies, 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.
