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NYC defaulted when I first started in the early 70’s.

Charlie Sanford, my department head at Banker’s Trust, was the one who pulled the plug.

He was at a meeting for a revenue anticipation bond and said in his distinctive voice something like, “Revenue, what revenue? We’re out.”

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>   On Tue, Mar 3, 2009 at 10:35 AM, Russell wrote:
>   
>   Gambling man?
>   

50% Chance NYC Will Default on Its Debt in 5 Years

by Joe Weisenthal

Mar 3 (Business Insider)

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