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Bond rating companies are meant to determine the value of bonds issued by government.
Now, they have gone one step further, they are trying to determine government policy and act as a city council or Board of Supervisors.
According to them, if you do not set water or energy rates at the level THEY want, they will penalize you with higher interest rates--do it our way or you will be toast, say the bond rating companies.
Looks to me like this has been going on for years--private, non elected folks setting our rates.
Do I hear a people's lawsuit in the making? Do I see an investigation into the corruption of these firs,?
Do I hear another reason honest folks have no trust in government or major Wall Street firms?
Time for a voter revolt, especially on the local level.
More...
Now, they have gone one step further, they are trying to determine government policy and act as a city council or Board of Supervisors.
According to them, if you do not set water or energy rates at the level THEY want, they will penalize you with higher interest rates--do it our way or you will be toast, say the bond rating companies.
Looks to me like this has been going on for years--private, non elected folks setting our rates.
Do I hear a people's lawsuit in the making? Do I see an investigation into the corruption of these firs,?
Do I hear another reason honest folks have no trust in government or major Wall Street firms?
Time for a voter revolt, especially on the local level.
More...