David Kotok
David Kotok
bills bond both budgets created crossing driven emergency government governors markets meet money otherwise pass paying people
Both governors and every commissioner are responsible. This is not necessarily a money emergency because people are crossing the bridges, paying their tolls and the bills are being paid. But bond markets do not look favorably on unpredictable, unreliable, politically driven decisions. Government organizations are created to pass budgets and meet bond covenants. To do otherwise is irresponsible.
banks both gold means monetary sides talking
Gold is hoarded by institutions and banks even while they say it has no monetary value, which means they are talking out of both sides of their mouths.
advance agendas bond expense finances keeping office political power promises sad willing
Bond professionals will know that DRPA politicians are willing to use the power of their office over finances to advance their political agendas at the expense of keeping their promises to their lenders. This was a sad day.