If Guilford County’s outstanding debt was $562,827,364 on June 30, 2008, should another 116%, or $676,930,000 more debt have been promoted by most of the county’s elected leaders and mostly approved by the electorate, in November 2008?

Prudent Man Rule

 

An investment standard…to govern the action of those responsible

 for investing money for other people.

 

The fiduciary is required to act as a prudent man or woman would,

in regards to investing monies of others.

 

Bloomberg Financial