This page contains a single entry from the blog posted on March 4, 2008 8:51 AM. The previous post in this blog was She fooled lots of people. The next post in this blog is Top Times reporters jumping ship. Many more can be found on the main index page or by looking through the archives.

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Tuesday, March 4, 2008

In like a lion

The City of Portland usually puts out "annual disclosure information" about many of its outstanding debts every year around March 1. Hmmm, March 1 has come and gone this year, and gosh, the city website still has last year's documents up there.

Gosh, I sure hope nothing's wrong.

Comments (10)

What could go wrong? When the condo market was super hot, our leaders decided it needed a helping hand. They could be Junior Donald Trumps with better haircuts! So now that the national real estate bubble has burst, freezing credit markets of all shapes and sizes, we're left out in the cold. To paraphrase our beloved leader Condi Rice, "Nobody could have imagined that real estate wouldn't keep right on selling through the roof."
But let's be fair: It's not like we had a big bubble bursting in the 90s to warn us this could happen. Oh wait....There was that Internet thing. Never mind.

Randy has a better haircut than Trump?



I don't think we're there yet. But we're on our way, and Mayor Sam Adams will greatly hasten our arrival.

Right now, the problem is that Portland's ongoing credit card swipes have at least temporarily "been declined."

Every time you post a story about Portland's finacial woes, I become a little more hesitant of ever moving into Portland's city limits. The city's fiscal irresponsibility is something I don't ever want to have to pay for.

John: There are lots of other nearby communities that you might consider moving to. And most of them don't have the fiscal problems that Portland and Multnomah County have. Just look for a nice home that meets your needs in Washington or Clackamas County and you'll do just fine. About the time the Sellwood Bridge collapses should be about the time that Portland goes into the fiscal toilet.

Will the sudden drop in evaluations cause my ears to pop?

Sam the Tram sure knows how to declare bankruptcy, his own and I hope not Portland's. But then having a mayor with no fear of bankruptcy he'll just have no hesitation to ask the taxpayers for more taxes to bail us out. Gosh, he's already doing that.

It has sh*tty news in it, so it will probably come out shortly after the election in May.

"It has sh*tty news in it"

There is plenty of sh*tty news that never comes out. At CoP, PDC, OHSU, Metro, TriMet and the Port.

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