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Heard of tobacco bonds? Financed with securitized tobacco revenues? While many of these are tobacco-settlement more than tobacco-taxes, they've done more to bre
by fennecfoxen 5y ago
Heard of tobacco bonds? Financed with securitized tobacco revenues? While many of these are tobacco-settlement more than tobacco-taxes, they've done more to break budgets than to make them.
https://www.propublica.org/article/how-wall-street-tobacco-deals-left-states-with-billions-in-toxic-debt https://www.propublica.org/article/how-wall-street-tobacco-d...