How You Like Us Now, Occupy Losers?
From Occupy Wall Street to Beg From Wall Street.
Chicago Mayor Rahm Emanuel traveled to New York to meet with credit-rating companies after the city’s school district was hit by a third downgrade in a span of 15 days and didn’t complete a $875 million bond sale last week as its finances deteriorate.
The visit Monday came after the Chicago Board of Education postponed the securities offering on Jan. 27, saying some investors asked for more time to review it. Two days later, Moody’s Investors Service cut the board’s rating deeper into junk, citing its “increasingly precarious liquidity position and acute need for market access to support ongoing operations.” Fitch Ratings and Standard & Poor’s also downgraded CPS last month.Hey wouldn't it be funny if Wall Street told hard-core lefties like Emanuel and the Chicago Teachers' Union to pound sand...if only in a "teachable moment" where we all learn (or should learn) the symbiotic relationship society has between those that invest resources and those that seek to employ those resources????