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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (123592)5/16/2008 5:15:43 PM
From: Peter VRead Replies (1) | Respond to of 306849
 
Bush suggesting that Obama would negotiate with Hitler is a good first step in that direction ...

I wonder when Cheney is going to shoot off his mouth. (or someone else's ...)



To: Smiling Bob who wrote (123592)5/16/2008 6:46:59 PM
From: Jim McMannisRespond to of 306849
 
San Diego gets S&P blessing on credit

Agency restores city rating and borrowing opportunity

signonsandiego.com

May 16, 2008

Four years after flatlining, San Diego's borrowing ability was revived instantly yesterday when a ratings agency restored the city's credit and removed the biggest obstacle to a backlog of capital improvements.

The action marks Wall Street's greatest show of faith in city finances since 2004, when plans for new libraries, fire stations and a range of repairs were scuttled amid credit problems caused by pension and accounting scandals.
Mayor Jerry Sanders, who is in the midst of a tough re-election campaign, said the news from Standard & Poor's, one of three major credit-rating agencies, marked “the most significant day” for San Diegans in four years.