Dec. 8 (Bloomberg) -- New Jersey, the third-most indebted U.S. state, will sell more than $200 million in bonds today to finance voter-approved capital projects a week after Governor- elect Christopher Christie said he opposed borrowing more money.
The state will issue $209.1 million of bonds, including $205 million of tax-exempt securities, the largest such competitively bid offering in the market today, according to Bloomberg data. Christie, a Republican who defeated Democratic incumbent Jon Corzine last month, said he opposed new bond sales after the state last week detailed $2.7 billion in borrowing it plans for the remainder of the fiscal year, which ends in June.
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Following are descriptions of additional pending sales of municipal bonds and notes; the timing and amounts may change.
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ReplyDeletemuni bonds will be the collapse of next year. as we more states in trouble the govt will either ball them out or let them collapse. my bet is a bailout or "loan". it will be many surises in store next yr.
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