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12-03-2012, 10:02 PM
Tortious Beadicus
Join Date: Nov 2009
Location: Bay Area, CA
Country: United States
Posts: 3,214
vCash: 500
Originally Posted by Thomas L View Post
Holy crap, this is a total indictment. They downgraded ALL of the city's bonds, including the sewer and water bonds.
It doesn't read very well at all. The visionaries might be in a bit of trouble here.

Originally Posted by barneyg View Post
in the past 3 years the COG has gone from Platinum cardholder status to "don't worry, you can still borrow from the corner bank" to loan shark territory. bankruptcy is still a very uncertain prospect but next week's bond issue will show how bad things can become.
I really enjoy reading your posts Barney. I learn more every time I read your messages. Thanks.

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