tag:blogger.com,1999:blog-1826828000189814347.post2359411743720505638..comments2023-09-02T12:29:45.592-04:00Comments on Had Enough Indy ?: No-So Bonds - Do They Meet Standards Set By Law?Had Enough Indy?http://www.blogger.com/profile/09673791504434523246noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1826828000189814347.post-84528766720646342952011-03-09T19:33:16.721-05:002011-03-09T19:33:16.721-05:00Marion County was declared a federal disaster zone...Marion County was declared a federal disaster zone after storms and flooding in recent years (Regions Bank Tower damage in April 2006?) making the area eligible for federal SBA disaster assistance and other things. Not sure of the timing and specifics that would allow this bonding to get that authorization.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1826828000189814347.post-89448292472906009712011-03-09T18:47:34.915-05:002011-03-09T18:47:34.915-05:00The city is offering a full "moral obligation...The city is offering a full "moral obligation" guarantee on this muni bond offering?<br /><br />The state constitution prohibits the state from offering this type of guarantee. It goes back to when the state almost went bankrupt by financing water canal construction as railroads were making that mode of transportation obsolete.<br /><br />That's why we have all this muni debt split up under different municipal corporations, authorities and other organizations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1826828000189814347.post-68458187442659943422011-03-09T18:32:58.732-05:002011-03-09T18:32:58.732-05:00The city is going to bond market at the worst time...The city is going to bond market at the worst time in 11 years and offering outrageous terms in order for anyone to even look at buying them. <br /><br />Muni bond issuance at 11-year low<br /><br />http://money.cnn.com/2011/03/09/markets/bondcenter/muni_bonds/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1826828000189814347.post-41672051930601745362011-03-09T11:28:12.402-05:002011-03-09T11:28:12.402-05:00Pat:
Write a letter to the Star editor. Quick!Pat:<br /><br />Write a letter to the Star editor. Quick!Anonymousnoreply@blogger.com