B
Bruzilla
Guest
http://www.washtimes.com/upi/20050913-084248-8471r.htm
New Orleans Mayor Ray Nagin says the hurricane-devastated city is bankrupt and is scrambling for loans to pay its employees through the end of the year.
"Technically today we're out of cash," Nagin told reporters in Baton Rouge. "The city is bankrupt ... We have no money."
However, Nagin was emphatic state and federal officials would not railroad through city reconstruction until it had passed city muster.
"I don't want anybody outside of New Orleans planning nothing as it relates to how we're going to rebuild this city without us signing off on it," Nagin said.
That's some nerve
New Orleans Mayor Ray Nagin says the hurricane-devastated city is bankrupt and is scrambling for loans to pay its employees through the end of the year.
"Technically today we're out of cash," Nagin told reporters in Baton Rouge. "The city is bankrupt ... We have no money."
However, Nagin was emphatic state and federal officials would not railroad through city reconstruction until it had passed city muster.
"I don't want anybody outside of New Orleans planning nothing as it relates to how we're going to rebuild this city without us signing off on it," Nagin said.
That's some nerve