City Checks Bounce, Bank Blamed
LA Daily News
Whoops, there goes another rubber check!
The L.A. Daily News' Rick Orlov reports that 924 checks worth $6 million issued July 24 by the city to vendors have embarrassingly bounced. L.A. is pointing the finger, however, to Wachovia Bank, which it says suffered a transition glitch when it was taken over by Wells Fargo last year. (I'll have to remember that line the next time I kite some paper.)
Orlov quotes City Controller Wendy Gruel as saying "Wachovia did take steps to fix the situation. But there were some people who did have a problem."
The bounced checks caused some nervousness at first, perhaps
UCLA Bruins Men's Basketball vs. Uc Santa Barbara Gauchos Mens Basketball
TicketsWed., Dec. 14, 7:30pm
CSUN Men's Basketball v Bethesda Men's Basketball
TicketsFri., Dec. 16, 7:00pm
Los Angeles Clippers v Denver Nuggets - Verified Resale Tickets
TicketsTue., Dec. 20, 7:30pm
CSUN Womens Basketball vs. Southern Utah Mustangs Womens Basketball
TicketsWed., Dec. 21, 2:00pm
being seen as a harbinger of L.A. financial woes. Vendors of the rubber
checks are being given the ancient advice to redeposit their checks --
and then see what happens.
Get the ICYMI: Today's Top Stories Newsletter Our daily newsletter delivers quick clicks to keep you in the know
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Los Angeles, delivered to your inbox Monday through Friday.