It actually would be virtually impossible to exaggerate the magnitude of the state's fiscal problem. And the governor-elect means what he's said about campaign-finance reform. And that intrinsically creates a very tough agenda. |
It is obviously in the interest of Sovereign management to attempt to avoid a shareholder vote until after shareholders have been deluded. |
The announcement is hardly surprising, but I wouldn't necessarily regard it as definitive. I don't assume that the Sovereign board can unilaterally make these decisions. |
We are great believers in democracy and capitalism and we think it would be wonderful if shareholders would have an opportunity to vote before they are deluded. |
When the party with no power can raise more money than the party with all the power, it means people are pretty disturbed about the country's condition. |