Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Better late (decades late) than never. Moody’s still hasn’t noticed the flames erupting from the fiscal dumpster that is Chicago. Buyers of bonds during the ratings agencies’ reality-defying reporting should be able to sue these serial liars.
Chicago, and Illinois, should have junk status for bonds. Anything else and the analysts are not telling the truth.
Baby steps, S&P, baby steps.