Christie’s Atlantic City emergency action bad for N.J.’s other troubled cities, Moody’s says
TRENTON — A Wall Street ratings agency said today that Gov. Chris Christie’s installation of a financial management team to guide Atlantic City out of financial peril may hurt not only Atlantic City’s credit worthiness but all of the state’s financially strapped cities. The appointment of fixers indicates the state may be less willing to bail…More from my site
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If a fixer can’t fix it, then they need to do what Detroit did, file bankruptcy.
The taxpayers can’t bail out these situations anymore.