Quote:
Originally Posted by afc wimbledon
They should go ahead with the deal and stop whinning about a set of utterly predictable factors affecting the price.
There is nothing here that couldn't have been foreseen, we know full well that the deal may be ilegal, will be challeanged and that uncertainty will affect the price of the bonds.
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But that's the whole point, if it weren't for the high interest rate the deal would have gone through. Now the issue isn't about the legality of the deal (at least from the city's perspective), its the actual financial viability of the deal at the high interest rate. Winning the lawsuit would be just be a Pyrrhic victory if they can't pay off the bonds.