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List: How S.F. fooled credit-rating agencies 

Wednesday, Sep 22 2010

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

About The Author

Benjamin Wachs


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