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03-29-2012, 11:01 PM
Join Date: Aug 2002
Originally Posted by
I don't think its about Wang getting a refund as much as it is about the fact that Nassau has to take out another loan to pay it.
Nassau should have gone bankrupt. The stupid NIFA is a great way to extend the misery without major changes taking place.
Nassau had been handing out unsustainable contracts for years. The housing bubble allowed them to get even further than they should have. They're lucky that we never even got to the point of a full correction in the market. Inflation would help them if they didn't keep increasing their contracts above and beyond all of the time.
As I've said elsewhere, I'd like to find a county that has been mismanaged more than Nassau County. They could not possibly be more in the pocket of special interests.
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