Rebutting Riordan

Countering assertions by former Mayor Richard Riordan that Los Angeles should consider declaring bankruptcy, a top City Hall official said Thursday that the city is working to resolve its financial crisis without resorting to Chapter 9 protection.Daily News.

City Administrative Officer Miguel Santana issued a point-by-point rebuttal to the op-ed article written by Riordan and investment adviser Alex Rubalcava, saying the city is moving aggressively to reduce its payroll, cut costs and avert financial disaster.