I'm shocked I tell you. Shocked!
Sept. 1 (Bloomberg) -- New York Governor David Paterson ordered the New York City Off-Track Betting Corp. to prepare for a reorganization under Chapter 9 of federal bankruptcy law, after four years of losses totaling $38 million.
The filing, the first involving a New York State-run gambling operation, won’t halt operations. It will include the planned sale of $250 million of bonds to repay some accumulated debts and allow spending on new technology, said Meyer Frucher, whom Paterson appointed to develop a rescue plan.
And people want to trust government workers to manage our health insurance?
1 comments:
I like your new layout. Why not put up pictures of a toaster and toasted bread while you're at it?
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