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The Chronicle also reports that Regent Blum is quite unreserved in his opinion that the reserve accusation is "total nonsense." He has a similar, if stronger, negative reaction to the reaction regarding the reserve of fellow (ex officio) Regent Gavin Newsom (also Lt. Guv. and gubernatorial candidate):
University of California President Janet Napolitano may be on the hot seat with state lawmakers over the state auditor’s findings that her office had $175 million hidden away — but she is on firm footing with UC’s regents, even after their call to bring in their own auditor to review the state’s assessment.