11 August 2008
Tangling Web, Bad times for Bennigan's lovers.
Posted by James Breen at 8/11/2008 8:02:00 AM
This chapter bankruptcy will explain that complex. Read it carefully. It all seems so insidious.
I found this one on the day before yesterday, quite interesting:
Let me start with a caveat: the Jefferson County sewer bond debacle, and the competing proposals to fix it, are way too complex for a blog post. I'm not going to try to explain the mess in great detail, in part because I'm no expert in financial instruments and in part because it might make my head explode. Suffice it to say that borrowing a buttload of money, switching fixed rate for variable rate debt, and authorizing a bunch of interest rate swaps have left the county facing bankruptcy .. full post.
If I like the post, I will desperately collect it and treat it as my baby. You are right, I am here, because I love your post: Read the rest of this entry »
Posted at 8:2 0 comments


