Click image to view

Monday November 12, 2012 at 11:02 am

Archive video from February 28, 2008.

Attorney Carol Cocheres explains how the downgrade of a credit rating of bond insurer (FGIC) caused interest rates to rise from 3.5% to between 7-10% on the $56 million in water revenue bonds resulting in an increase of debt payments by the Authority of $224,000 per month .

Sign Up or Log In to comment.