Quote:
Originally Posted by TorqueDog
Now that I've got that out of the way, let's speak to the facts once more: the bonds won't get sold at a higher rate because the city can't afford to back them at a higher rate and investors know this, as well the threat of action from Goldwater has made them even less attractive. There are plenty of municipal bonds that one could invest in, why on Earth would one pick the ones being offered up by Glendale?
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They actually have all the bond investors lined up and ready to go but will not pull the trigger until the lawsuit threat is gone i.e. Goldwater goes away. I'm now firmly convinced that Goldwater is never going to go away. They need to figure out another way and fast.