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Tag Archives: CABs
Michigan CABs and the ‘Big Graphic’
MICHIGAN SCHOOLS LOAD THE FUTURE WITH DEBT By Joel Thurtell April 5, 1993 was doomsday for Capital Appreciation Bonds in Michigan. On that day, the Detroit Free Press exposed the horrendously bad deal almost 100 Michigan school districts had dished … Continue reading
Posted in CAB scams, Muni bonds
Tagged CABs, California, Capital appreciation bonds, Michigan, school finance
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How CABs work
By Joel Thurtell Wanta parley three hundred bucks into five grand? Easy. Here’s how you could’ve done it last summer, had you known that the Poway Unified School District in San Diego was going to issue Capital Appreciation Bonds at … Continue reading
Posted in CAB scams, Muni bonds
Tagged CABs, Capital appreciation bonds, Municipal bonds, school finance
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