Michael Lewis Quotes

The Relationship Between The People And Their Money In California Is Such That You Can Pluck Almost Any City At Random And Enter A Crisis. San Jose Has The Highest Per Capita Income Of Any City In The United States, After New York. It Has The Highest Credit Rating Of Any City In California With A Population Over 250,000. It Is One Of The Few Cities In America With A Triple-A Rating From Moody's And Standard & Poor's, But Only Because Its Bondholders Have The Power To Compel The City To Levy A Tax On Property Owners To Pay Off The Bonds. The City Itself Is Not All That Far From Being Bankrupt.

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