Thursday, August 1, 2013

The Video Segment of Ty Fahner Talking about Compelling Bond Rating Agencies to Lower Illinois' Ratings

Fahner: “The Civic Committee, not me, but me and some of the people that make up the Civic Committee… did meet with and call – in one case in person – and a couple of calls to Moody’s and Fitch and Standard & Poors, and say, 'How in the hell can you guys do this? ...You're an enabler to let the state continue. You keep threatening more and more and more.' And I think now we backed off because we don't want to be the straw that breaks the back. But if you watched what happened over the last few years, it's been steadily down... We have told [the Bond Rating Agencies] that they are being irresponsible..."

Tim Furman provided this video segment:

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