Tag Archives: California

CABs and the high cost of secret deals

Posted on May 8, 2012 by hro50ta1

By Joel Thurtell If you want the best price, bid the work out. That’s a no-brainer, right? Well, the people who love high-interest Capital Appreciation Bonds also love making their deals behind the scenes. Why allow competitive bidding when you … 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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Muni bomb ticks in California

Posted on April 27, 2012 by hro50ta1

By Joel Thurtell I was sipping coffee and reflecting on the ignorance displayed for all the world to read in a New York Times article. It was January 9, 2009. The Times story claimed to offer “a rare glimpse into … Continue reading →

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