East Greenbush downgraded to junk-bon...

East Greenbush downgraded to junk-bond status

There are 1 comment on the Bizjournals story from Dec 16, 2009, titled East Greenbush downgraded to junk-bond status. In it, Bizjournals reports that:

The town of East Greenbush now has junk-bond status as a result of a sharp downgrade issued by a Wall Street credit-rating agency on Tuesday.

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Betrayed Taxpayer

Albany, NY

#1 Dec 17, 2009
How can these elected official get away with this. They were criticized by the OSC November 8 for failing to have a plan to reduce the budget deficits that continued to increase with an unacceptable pattern over several years. They continued to borrow from other funds, issue bonds, rob peter to pay paul and now act like it is some big surprise....after they all get re-elected. How can they sleep at night when they have perpetrated this fraud against the residents of this town.

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