Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Thursday, August 11, 2011

Are Rating Agencies Now Trying to Mug Rich Municipalities?

Moody’s Investors Service has assigned a “negative outlook’’ to the credit ratings of a dozen affluent Massachusetts communities and two regional school districts, in an ominous sign of how the national debt crisis and economy woes threaten the financial health of cities and towns.


http://www.nakedcapitalism.com/2011/08/are-rating-agencies-now-trying-to-mug-rich-municipalities.html