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Posted on 05/12/2015 4:07:05 PM PDT by NRx
“What is the rating below Junk?”
“New Normal”
It appears the Illinois Supreme Court has all but guaranteed Chicago’s bankruptcy.
At this point, its a virtual certainty. Federal bankruptcy court can make those city union stooges wish they had let things go.
I'm thinking the lowest bond classification is "in default", ie the bond issuers are no longer paying the interest due.
And Mayor Marxist posing as Democrat Rahm Emanuel is running around saying, “Don’t touch my junk”.
Hey Rahm, put on your tutu and leave. You’re a complete failure.
The wheel turn slowly, but...
Richard M. Daley has really screwed this city for generations to come. And you know what? They’ll probably name several buildings, parks and streets after him when he dies.
Check out this video....http://tribads.chicagotribune.com/microsite/presson/brokenbondsB.html
a move likely to increase the city’s borrowing costs”
Has anyone ever considered the possibility that BORROWING is the problem??
“E” as in, “Eventually you run out of other people’s money.”
the perfect place for the Obama LieBarry.
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