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The cool new thing is capitalizing the interest on the bond for decades. https://www.voiceofsandiego.org/topics/education/where-borrowing-105-million-will-cost-
by User23 8y ago
The cool new thing is capitalizing the interest on the bond for decades. https://www.voiceofsandiego.org/topics/education/where-borrowing-105-million-will-cost-1-billion-poway-schools/ https://www.voiceofsandiego.org/topics/education/where-borro...
- danvoell 8y agoHoly cow. I can't believe this is a thing and that municipalities would agree to this. The Consumer Financial Protection Bureau should start creating laws to protect the government from making decisions like this.
- dragonwriter 8y ago> The Consumer Financial Protection Bureau should start creating laws The CFPB can’t make laws (that's Congress’ job) and neither the current administration (including the current CFPB leadership) nor the current Congress even support the general mission of the CFPB.
- davidfischer 8y agoThis was huge news in San Diego in 2012 when it was revealed. The worst of these types of deals are now outlawed as of 2013. http://articles.latimes.com/2013/oct/02/local/la-me-ln-school-bonds-20131002 http://articles.latimes.com/2013/oct/02/local/la-me-ln-schoo...