Quote:
Originally Posted by Roughneck
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.
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They have a law, they have to live with the effects of the law, they have to structure deals in order to live with the effects of the law.
Seriously the GI are just doing their job, the city screwed the pooch on this.