https://calwatchdog.com/2012/12/05/schools-chief-who-tolerates-bond-scams-wants-to-float-own-bond/ Thu, 06 Dec 2012 22:12:19 +0000 hourly 1 https://calwatchdog.com/2012/12/05/schools-chief-who-tolerates-bond-scams-wants-to-float-own-bond/#comment-29502 Thu, 06 Dec 2012 22:12:19 +0000 http://www.calwatchdog.com/?p=35182#comment-29502 The one in San Diego was in house terminology, a loan with a balloon at the end(1 billion). As I understand it, the municipality would have to save the funds for the one billion, which includes principal and deferred(as well as comppounded interest). It would be equivalent for you to buy a house and give the loan to your kids(grandkids) for them to pay off.

]]> https://calwatchdog.com/2012/12/05/schools-chief-who-tolerates-bond-scams-wants-to-float-own-bond/#comment-29501 Thu, 06 Dec 2012 19:57:48 +0000 http://www.calwatchdog.com/?p=35182#comment-29501 Most people who buy a home, cannot afford to have it, unless they defer paying it off for 30-40 years. Why is doing the same, via bonds, in order to provide services for the citizens, bad?

]]> https://calwatchdog.com/2012/12/05/schools-chief-who-tolerates-bond-scams-wants-to-float-own-bond/#comment-29500 Thu, 06 Dec 2012 00:54:00 +0000 http://www.calwatchdog.com/?p=35182#comment-29500 Tom Torlakson was a dem in my county when I lived in the bay area, he is a trougher for sure

]]> https://calwatchdog.com/2012/12/05/schools-chief-who-tolerates-bond-scams-wants-to-float-own-bond/#comment-29499 Wed, 05 Dec 2012 17:52:08 +0000 http://www.calwatchdog.com/?p=35182#comment-29499 Torlakson is part of the educator generation, that has seen learning standards decline, less discipline, increased cost, but higher teacher/admin salaries, higher pensions. Culture and the decline of the family certainly have an effect, but facts are facts; Torlakson and his peers have sucked more out of the system for themselves while the output they are measured by: educating, has gotten worse. He is a piece of &*$#.

]]> https://calwatchdog.com/2012/12/05/schools-chief-who-tolerates-bond-scams-wants-to-float-own-bond/#comment-29498 Wed, 05 Dec 2012 15:41:02 +0000 http://www.calwatchdog.com/?p=35182#comment-29498 Floating long term bonds- construction, CAB or any other type- to cover daily ongoing expenses- it is fiscal insanity and the beginning of the end, if not the end of the end…..and you wonder why we are so screwed up.

]]>