Monday, December 05, 2011

Liquidation Sale

This will turn out well I'm sure.
Pennsylvania hired investment bank Greenhill & Co. to find ways to convert government assets and services into cash as states try to plug at least $40 billion in deficits next year by selling toll roads or turning lotteries over to contractors.

By hiring New York-based Greenhill, Republican Governor Tom Corbett is using a firm that employs his Democratic predecessor, Ed Rendell, as well as a banker who advised the state during Rendell’s unsuccessful effort to sell the Pennsylvania Turnpike in 2008.