I want to give a hearty set of kudos to the mayor for last week's news that Standard & Poor's upgraded our bond rating. But do these credit houses have any credibility after the mortgage backed securities fiasco--where piles of garbage received "AAA" ratings?
That isn't a criticism of the rated, just the raters. Oh, how the mighty have fallen.
Good news for the city.
Tuesday, December 16, 2008
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