Board of Education member Peter Braun is defending a lawsuit brought against him to foreclose his two-unit condominium spec project at 623 Steamboat Road by claiming that the loss is the lender’s fault: it should have known he was too stupid to be entrusted with millions of dollars. I understand why Braun would employ this defense – it succeeded once before, 15 years ago, when he sued a local stock brokerage firm for taking advantage of his financial naivety and inexperience, so why not go back to the well?
And had he asked me, I’d have been happy to serve as a character witness and attest to the absolute truth of his claim of imbecility, but I do wonder whether a man who by his own admission is an unsophisticated financial idiot should be on a board that decides how to spend literally millions of our tax dollars – 75% of our total budget. Does that make sense?
Not to me but then, I’m not one of the handful of wise men of the Republican Party who select BOE members.
Here’s a listing for one of the units in question. Mud flats on one side, busy road on the other, asking $4 million? I must be nuts.