The Emperor has no clothes – the scam revealed
Hustlers like New Jersey Governor Chris Christie and Kansas Governor Sam Brownback have a serious problem on their hands right now. It basically boils down to this: after doing exactly what Wall St. and other powerful interests said was necessary to “reign in pension costs” and the rest, both states have seen their credit ratings downgraded. That makes it less likely that people, including financial services companies will do business there. But that’s one of the problems with framing a smash and grab job as “fiscal responsibility.”