Louisiana to pay $108 million to refinance Dome bonds | TigerDroppings.com

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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
23310 posts

Louisiana to pay $108 million to refinance Dome bonds



quote:

The $361 million deal will allow the district to pay off the $233 million in bonds, known as "auction-rate securities," that the state purchased when the market for the bonds collapsed in 2008. State Treasurer John Kennedy said the deal would benefit the state by taking the bonds off of unstable, variable interest rates that shot up to about 12 percent. The new bonds will have a fixed rate below 3.4 percent.



quote:

Kennedy, who opposed the deal when it was first proposed by former Gov. Kathleen Blanco, said the deal gets Louisiana out of "one of the worst deals I've seen the state enter into."



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R2Z2
Member since Dec 2012
115 posts

re: Louisiana to pay $108 million to refinance Dome bonds


Edwards raped Louisiana on those bonds. The lawyers got $30 million.





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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
23310 posts

re: Louisiana to pay $108 million to refinance Dome bonds


quote:

Edwards raped Louisiana on those bonds.


This was done after Katrina, the state is now paying $108 million for the right to refinance $233 million.






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jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27325 posts

re: Louisiana to pay $108 million to refinance Dome bonds


quote:

Gov. Kathleen Blanco

easily the dumbest bitch on earth






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BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
2971 posts

re: Louisiana to pay $108 million to refinance Dome bonds


Yeah, this was a bad move. On the other hand, lot's of people made similar bad moves. Not an excuse though.


I am just waiting for someone to say this was Jindal's fault.






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CarrolltonTiger
LSU Fan
New Orleans
Member since Aug 2005
46310 posts

re: Louisiana to pay $108 million to refinance Dome bonds


quote:

I am just waiting for someone to say this was Jindal's fault.



He could have not fricked up the election in 2003, become governor and not Blanco, it is obvioulsy his fault at the most basic level.






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