4 ms·
County officials were corrupt in this case, it's not like it all happened accidentally. They chose to purchase a $2B sewage system (when initial quotes were onl
by puredemo 16y ago
County officials were corrupt in this case, it's not like it all happened accidentally. They chose to purchase a $2B sewage system (when initial quotes were only $250M from local contractors) and proceeded to fiscally destroy their city and county budgets in the process.
Still a fascinating read though. Why doesn't the country just default on the debt? These seem like extenuating circumstances.
- robryan 16y agoWouldn't that require some kind of sell off of their assets?
- arethuza 16y agoSounds like those debts were created through criminal activity - I would have thought the city should have the right to take them to court and have them declared null and void and walk away. Shouldn't there be a law that if a bank uses corrupt means to obtain business then the people who end up with the debt should have the right to walk away from it (after due process, of course).