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Below was a comment I wrote 2/21/2008 regarding the bond market. Guess I was correct in my doubt about the people running the city. I did miss the fact that the bond market would become nearly non-existant. I will make another prediction: The 300 homes foreclosed on today is only a drop in the bucket. Prediction isn't really the word I want to use but more like....common sense knoweledge of market trends.
February 21, 20089:42 p.m.Suggest removalReply to this postWritten on Sewer hookup violators get their day in quasi-court:
Can someone tell me how much the city has actually issued in muni bonds to pay for this?
Hopefully not much. Rates to cities on these bonds are sky rocketing. Though I have serious doubt there is anyone smart enough running the city to know this...
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