Tag Archives: municipal finance

See no evil: CABS and media

Posted on May 16, 2012 by hro50ta1

By Joel Thurtell Thanks to Kevin Dayton of the Dayton Public Policy Institute for noticing my recent columns about the evils of Capital Appreciation Bonds. He covered the May 11, 2012 meeting of California’s League of Bond Oversight Committees annual … Continue reading →

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Long after goodies are junk, it’s pay, pay, pay

Posted on May 5, 2012 by hro50ta1

By Joel Thurtell Who would pay $117.5 million for computers priced at $28 million? Who would pay interest three times principal years after the computers were junk? It happened in Romulus, Michigan in 1990. It’s happening in California now. From … Continue reading →

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CABs = compound trouble for California

Posted on May 1, 2012 by hro50ta1

By Joel Thurtell The arcane name for the financial parasites compounding California school debt is “Capital Appreciation Bond.” The California Senate’s Commerce and Finance Committee will consider a ban on CABs at its May 9 meeting. Let’s hope the California … Continue reading →

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