AFP Debt Bulletin of Wall Street

High rating Lonegan Protests Moody's of "junk" American guarantee of replacement of New Jersey for Prosperity Says assessment begs further Fannie-Freddie disaster WASHINGTON - Americans for Prosperity New Jersey Director Steve Lonegan held a press conference today the assessment irresponsible high Risk protest New Jersey contractual obligations Moody's Investment Service. Lonegan was a Busload of New Jersey taxpayers and a huge money maker, is to illustrate that taxpayers should not be combinedtreated as a cash point in time when politicians run out of money. After the press conference Lonegan delivered a letter to Moody's Investment Service CEO Raymond W. McDaniel Jr., urging the company's valuation is lower and stop so that the State of New Jersey taxpayers from falling further into debt. given the high valuation, the so-called New Jersey "debts", not by the full faith and credit clause of the state is insured, claims heavy losses for investors, such asRecent Fannie Mae and Freddie Mac crisis. The letter said that should New Jersey debt exactly the significant risk of default port: the practice of referring to these bonds as revenue bonds is highly misleading, because often, especially in the case of the $ pending loan bonds is 3900000000 construction of schools, is no source of revenue other than appropriations by future legislation, which are not bound by the contract. The major bond insurersFace ...