Mayor’s loss is our loss

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Had Mayor (Bill) Kirby bought a few hundred thousand dollars worth of stock that had later lost half its value, he would be stuck with the loss (Journal, April 19). However, he has borrowed money from the bank for a real estate venture, and now that that has lost its value, he has chosen to walk away and stiff the bank with the loss. The bank, of course, will find a way to recover this by cost-management measures that will eventually trickle down to you and me. Mayor Kirby may consider this a “business decision” but it opens the question of whether a person with what we now see to be poor business judgment, and with the gall to foist his losses on the community, is the man to hold the office he has. John Sisson, Newcastle