Quotessence
Home / Books / Boomerang: Travels in the New Third World

Boomerang: Travels in the New Third World

Book by Michael Lewis · 1 quotes · California, Financial Crisis Of 2007 2010, Ratings

Filter quotes by topic

AllCaliforniaFinancial Crisis Of 2007 2010Ratings

Boomerang: Travels in the New Third World Quotes

“The relationship between the people and their money in California is such that you can pluck almost any city at random and enter a crisis. San Jose has the highest per capita income of any city in the United States, after New York. It has the highest credit rating of any city in California with a population over 250,000. It is one of the few cities in America with a triple-A rating from Moody’s and Standard & Poor’s, but only because its bondholders have the power to compel the city to levy a tax on property owners to pay off the bonds. The city itself is not all that far from being bankrupt.”

CaliforniaRatingsFinancial Crisis Of 2007 2010
Book:Boomerang: Travels in the New Third World
Create image