i hear nascar is big in the south.
you should move down there if you want more racetracks.

Feelix Florez
President
Long Island Chapter of Car and Motorcycle Racers Association

-Honorable Reverend Turd Loser, of the International Church of Stick & Ball Sports

The credit rating agencies are partly responsible for the whole subprime mortgage crisis. They stamped worthless CDOs with AAA ratings because they got paid by the same companies that were selling the mortgage-backed securities, which is a clear conflict of interest. but I suppose they could still force higher interest rates on a municipality like Nassau. Does the rating affect interest rates on current debt? None of it is locked in? I thought municipal bonds had set interest rates.

If there is another way to get this done, great. But if the team leaves I can’t see how Nassau could possibly make up for all of that lost revenue.

Wang bought a team in bad shape and has just been biding his time until he can get the new arena. Much of his losses are probably due to him learning the whole pro sports-ownership thing the hard way, but the building is definitely a significant enough factor. I wish it weren’t.

Thanks for toning down your posts.

When I talk about a county in default adding more borrowing, the issue (which you have not addressed) is as follows: Much like what is going on at the federal government, adding more debt to an overburdened Nassau is likely to lower its credit rating. The more debt that exist, the less likely to be repaid. Ratings agencies will ignore the fact that the arena “may” turn a profit. Lower credit ratings means higher interest costs which means more taxes to offset. Wang wasn’t even willing to guarantee that said profits were going to be used to pay down the debt! just go into a general fund which, like magic, will dissappear (be spent on other stuff).

I’m not sure what you mean by the No voters listening to politicians – I haven’y heard any, just making my own assessment.

And if Wang is such an astute businessman why has he had to pump $20mill a year into the Islanders for 20 years – that’s right, a quarter of a billion lost on them. Cant tell me its all due to an aging coliseum.

Are you saying the pols have solutions to getting the county out of default? Because I think they are using this issue as an opportunity to grandstand. That’s what they do. They want their names to ring out, and you know damn well that they couldn’t care less about your tax bill (until election time, that is). voters who said ‘no’ are essentially taking financial advice from self-serving empty suits whose main priorities include bleeding citizens dry of their hard-earned money.

By all accounts, Charles Wang has tried his best to remove the unnecessary political element from his quest to revitalize this franchise and fan base. But they refuse to let him do things the fair way. Jacobs, Murray, and even Mangano are buffoons. They are using us like pawns to get media attention and advance their careers. That much is obvious.

Now it’s all speculation at this point, but if this plan were approved, it could possibly reduce your tax bill. On the other hand, if the team leaves, that will most certainly raise taxes and also hurt local businesses.

Yeah I said ‘no’ voters are worthless. Maybe that was too harsh. Ignorant is more like it.

I addressed you solitary counterpoint (county being in default) before you even wrote it.. and look, I did it again! Try to keep up.

If you are not looking for people to feel sorry for you why, are you whining and complaining like a little b*tch?

Are you referring to your first post where you said anybody who votes “no” is worthless?

I gave you valid counterpoints but you seem too stupid to undrstand them so I won’t bother repeating. buh-buy.

the politicians piss your tax dollars away for a living, and you believe them when they say this is a bad investment. nice logic.

Nobody wants to add more debt to a county’s books already in default. Nobody believes the rosy $13 cost projections. Nobody feels bad for cretins like you, sitting there in your stained white tee shirt throwing chips at the TV when your team loses.