List: How S.F. fooled credit-rating agencies
The major credit agencies recently came to San Francisco to evaluate it. What evidence did the city put forward that its credit rating should be raised?
• Gavin Newsom is going away in the near future
• Our houses are still hideously overvalued
• Most of our economy is based on the tech and financial sectors — two areas that never go wrong
• Someone finally fixed the leaky faucet in the assessor's office
• Local gangs have responded to the collapsing economy by becoming more productive
• Our massive pension liabilities won't come due until after 2012, when the world ends
• We're not Detroit
• Our investment portfolio is being managed by this genius named Bernie Madoff. Come to think of it, we haven't heard from him for a while
• Willie Brown knows a guy
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