Guess how much WE paid in LAPD legal settlements in FY2020? π
$30,412,523! π°
- Largest payout was $6.7M related to sexual harassment by an LAPD Sergeant. What happened to the Sgt? He was transferred to another group (Internal Affairs) which investigates police misconduct. π€¦πΎββοΈ
- 2nd largest payout was $6M related to an LAPD officer who locked up someone for 17 YEARS & withheld crucial evidence which proved that person was the wrong person all along. π€¦πΎββοΈ
- 3rd largest payout was $3.75M related to LAPD repeatedly tasing a Marine veteran to death. π€¦πΎββοΈ
HERE'S THE THING: this financial info is not EASILY known or made accessible. This is precisely WHY we're running for LA City Controller.
The more people know, the better they'll be when talking to their elected officials about change!
WOW, this tweet blew up! I'm glad people are learning more about LA's finances.
Consider joining our campaign team especially if you live in LA! LA donations get multiplied 6 TIMES by the City! A $50 donation = $300! Sign up to get a campaign shirt too!
After speaking w/ street & transportation activists like @jessica_meaney, @bikinginla, @bikethevote, @streetsforall I was curious on how much the City of LA paid in FY2020 in legal settlements under account names "Public Works, Transportation, & Street Services".πΆπΎ
$38,152,421π°
The largest payout in FY2020 was $4M when a resident & her vehicle plunged into a sinkhole on Laurel Canyon Blvd.
Other notable payouts include:
-$3.2M for a trip-and-fall accident when someone accidentally stepped into a pothole during the rain causing his ankle to dislocate
- $3.5M related to "dangerous conditions of public property arising out of a vehicle pedestrian accident" on Vista Del Mar/Imperial Hwy
- $3.2M for landslide damage
- $2M when branches of a tree fell on a vehicle w/ 3 people inside
It's Robinhood AND billionaire hedge funds vs the MILLIONS of ordinary folx like you who invested in GameStop, AMC, Blackberry. Over 13M+ use the trading app Robinhood. Today Robinhood restricted trading for GME, AMC, BB, +. π‘
This caused the stock price of many of these already shorted stocks to drop in price SIGNIFICANTLY. Why? Because the millions of people taking on Wall Street CANNOT buy into these stocks. GME went from $400 to $120. Guess what happened? π€
Hedge funds/investment firms covered their short positions on the price dip (they closed their shorts) and made BILLIONS on the dip. Ordinary folx like you have been buying 1 or 2 or 3 stocks of $GME, $AMC, $BB to support these businesses that Wall Street is trying to take down.
For those who don't know what's happening with Game Stop and AMC stocks which many may not even know or care about... but hedge funds & investment firms "shorted" these stocks. (Bet big money that the stock price would go down because "they thought they were dying businesses").
The opposite of shorting a stock is going "long" which most people do, which means buying a stock and holding it till its price goes up in value. Small investors like yourself or what not banded together and said "screw those hedge funds trying to bet on the demise of Game Stop
and AMC, YOLO, we're going to save those businesses" and bought those stocks and now the price of these stocks are skyrocketing because the demand is high. When you a short a stock, the investor (these billion dollar hedge funds / investment forms) who shorted the stock can lose