The House That AC Transit Bought 

Why did the bus agency give general manager Rick Fernandez a secret $400,000 loan to buy a home in Oakland?

AC Transit's finances were in disarray in April 2004. The bus agency had declared a fiscal emergency, slashed services, and borrowed $20 million just to remain solvent. Yet against this backdrop, the agency's board secretly took $400,000 out of its general fund…

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