50% Chance NYC Will Default On Its Debt
[Skip to the end] NYC defaulted when I first started in the early 70’s. Charlie Sanford, my department head at Banker’s Trust, was the one who pulled the plug. He was at a meeting for a revenue anticipation bond and said in his distinctive voice something like, “Revenue, what revenue? We’re out.” >    >   On Tue, Mar 3, 2009 at [...]
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