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September 25
Credit crisis hobbles N. Carolina counties
Posted on September 25th, 2008 at 11:40 AM by Ravi
Tags: 30 Million, 5 Million, Banks, Bonds, Carolina Counties, Credit Crisis, Durham County, Financial Crisis, Lenders, Wake County
Category: Where To Put It?
Wake and Durham leaders say the national financial crisis is making it nearly impossible to borrow from banks to pay for schools and other projects. In the past two weeks, Wake County delayed plans to sell $454.5 million in bonds, while Durham County’s attempt to borrow $30 million failed because no lenders bid on the…
[mcclatchydc.com: Nation]
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