Comments on: Assembly committee kills bond misuse bill

By: Wayne Lusvardi

Wayne Lusvardi — Fri, 29 Jun 2012 03:18:14 +0000

I have gone back and re-read this article. It is one of the most meticulously researched and informative articles. Thank you again Dr. Grimes for this treat.

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Mon, 25 Jun 2012 07:29:42 +0000

Sky fell already Teddy- ask San Diego, Stockton, Vallejo and San Jose. Ask ALL Californians on November 7 😉

By: Queeg

Queeg — Thu, 21 Jun 2012 06:01:29 +0000

Sky is falling….sky is falling..

By: Hondo

Hondo — Thu, 21 Jun 2012 05:33:56 +0000

One of the reasons I read this blog is that they, and Katy in particular, give enough space to completely cover the issue. Most newspapers only allow 500 words or so but even then they could cover this issue. I notice that Katy and most of the other writers here answer all the questions that need to be answered.
As for the issue, Standard and Poor may drop kick California in the nuts by lowering their bond ratings to junk and below (which is where they belong) if they see enough abuse of bonds and an in the budget. Such as stealing from these specific bonds and spending the money elsewhere. Or by passing a budget that depends on tax increases that haven’t even been voted on yet. Or seeing last years budget where a promised balanced budget turned into a 17 billion dollar deficit using the same deceptions as they are using this year.
California could be in for a huge rude wake up call from Standard and Poor.
Hondo….

By: CalWatchdog

CalWatchdog — Wed, 20 Jun 2012 23:50:46 +0000

DA – I haven’t found one other story about this issue yet. This is the problem with most news outlets. I am at the Capitol everyday. There is no shortage of reporters, but what they choose to cover, or are assigned to cover, is often not really news that impacts voters, and taxpayers.

Thanks for reading and following us –

Katy

By: The DA

The DA — Wed, 20 Jun 2012 22:59:29 +0000

Excellent article. Is there even one major newspaper in California that has reported on this strange turn by the Assembly?

By: Queeg

Queeg — Wed, 20 Jun 2012 18:24:01 +0000

Yep. One big giant derivative to sell to some Spain, German and Estonian farmers!

By: Wayne Lusvardi

Wayne Lusvardi — Wed, 20 Jun 2012 17:18:31 +0000

Interesting report. In San Bernardino the County is considering issuing a revenue bond to buy up all the underwater mortgages by using eminent domain to acquire the mortgages. In other words, bonded debt is being used to get out of bad debts.