``It's grossly inappropriate to take this level of risk.''
``Fund managers wanted the high yield, so Wall Street sold it to them. The beauty of Wall Street is they put lipstick on a pig.''
Hmmmm. One must wonder whether or not an Orange County Treasurer is the best one to proffer advice on risky securities to others. Can anyone spell "h-y-p-o-c-r-i-t-e" ??