So our friends across the Hudson are going broke

That's no good, we can't have the state of New York going broke. Reuters is reporting the state of New York is delaying the payment of 2.5 billion dollars (that's million with a B) towards it's bill in order to stay solvent. Reuters also says this is the third time the state of New York has done this kind of creative accounting since December. Governor Paterson and the NY legislature have an even bigger issue trying to close a 9.2 billion deficit by late summer.

Not that anyone in Albany has called Johnny to ask for his considered opinion but as always we're all about the good free advice. We live here in New Jersey and anyone here worth their salt will tell New Yorkers where to secure some fast financing to pay this down. You had just better keep up with the points and tributes otherwise there could be a LOT of special elections in a couple years. David Paterson, NY Governor, have someone drive you to northern Jersey, have a nice cappuccino and sit down with the boys at the Northern Jersey Bank and Trust.