Quote:
Originally Posted by You Need a Thneed
Doing nothing means that the deal will fall apart soon. Issuing the bonds means that something will be done, and at least the courts can take care or it. At least then there is a slim chance that the deal can go through.
Let me know if that's not correct.
|
But at the higher rates even if the deal does go wouldn't be (as) good for the city.