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Ferretti Sees NYC Not Defaulting Amid Fiscal Crisis
Fred Ferretti New York Times City Hall Reporter argued at the McAe Lecture that New York City will not default. He noted the Financial Control Board's 30 day and 90 day waiting periods would blunt lawsuits and give a recovery plan time. Banks reportedly guarantee MAC bonds and prevent default.
MENTIONED IN THIS ARTICLE
Cyndi Stivers
New York City
Fred Ferretti
City Hall
New York Times
New York
McAe
Ferretti
Financial Control Board
Municipal Assistance Corporation
Lockheed
Ford
Rockefeller
Robert Wagner
John Lindsay
Beame