I saw this one this morning on
Fark.
It's like they did us when they said they were collecting taxes to keep the roads repaired and never spent the money for roads.
http://www.propublica.org/article/ho...-in-toxic-debt
.... “It’s going to cost taxpayers, either directly or indirectly,” said Craig Johnson, an associate professor of public finance at Indiana University in Bloomington who has studied tobacco bonds and CABs. “I don’t doubt that at all.”
ProPublica’s analysis is the first to measure the magnitude of the high-risk debt involved in the tobacco deals and to calculate how much Wall Street’s dealmakers earned. It also shows how much of the tobacco money has been securitized — that is, turned into payments that go to investors. As of this year, at least one out of every three dollars coming in under the settlement is pledged to investors, according to bond disclosures and payment data from the National Association of Attorneys General, which tracks the flow of funds....
Hello fellow Ron Paul supporters!
Thread Starter: Donna D'ErricoI just wanted to extend a greeting to everyone here, and to thank everyone for all that they are doing to spread the word about Ron Paul. I am a huge supporter, and am honored to be a part of the movement to get him elected President. ~Donna D'Errico
Last Post By: WisconsinLiberty 03-30-2024, 09:38 AM