http://www.stubbornmule.net/2009/02/states-borrowing/ Obstinately objective Tue, 27 Jul 2010 11:09:23 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.stubbornmule.net/2009/02/states-borrowing/comment-page-1/#comment-2922 AJ Sun, 15 Mar 2009 23:52:17 +0000 http://www.stubbornmule.net/?p=1626#comment-2922 time for a follow up Mule? time for a follow up Mule?

]]> http://www.stubbornmule.net/2009/02/states-borrowing/comment-page-1/#comment-2828 stubbornmule Mon, 02 Mar 2009 21:46:15 +0000 http://www.stubbornmule.net/?p=1626#comment-2828 With all the job losses at fund managers including plenty of analysts, if anything I think investors are becoming more dependent on rating agencies to do their analysis for them! With all the job losses at fund managers including plenty of analysts, if anything I think investors are becoming more dependent on rating agencies to do their analysis for them!

]]> http://www.stubbornmule.net/2009/02/states-borrowing/comment-page-1/#comment-2827 Marc Lehmann Mon, 02 Mar 2009 21:36:41 +0000 http://www.stubbornmule.net/?p=1626#comment-2827 As an ex banker, now an outsider for 2 years, I'm amazed at the amount of focus everyone still has on ratings. I really thought attention would have shifted toward self assess away from ratings but obviously not. I agree it's time for states to give up borrowing. I'd take it further and drop the whole concept of state government. Massive waste of time, money and human resource. It all seems a little irrelevant handing money around between state and federal while the reality is that a state would be bailed out by our 'federal receiver' in the event of bankruptcy or liquidity crisis. As an ex banker, now an outsider for 2 years, I’m amazed at the amount of focus everyone still has on ratings. I really thought attention would have shifted toward self assess away from ratings but obviously not. I agree it’s time for states to give up borrowing. I’d take it further and drop the whole concept of state government. Massive waste of time, money and human resource. It all seems a little irrelevant handing money around between state and federal while the reality is that a state would be bailed out by our ‘federal receiver’ in the event of bankruptcy or liquidity crisis.

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