Moody's warns state and local governments could see credit downgrades - Mackenzie Weinger - POLITICO.com
The vicious cycle continues. This could mean more state and local government layoffs, on top of the half million that have already occurred, and that means higher unemployment and less consumer confidence. Onward we march.
1 comment:
This is the same Moody's that was giving high marks to all those RMBS and synthetic securitizations just a few years ago.
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