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To: Les H who wrote (209049)12/11/2002 2:21:47 PM
From: NOW  Read Replies (2) | Respond to of 436258
 
Whew!!!But unlike the high-risk derivatives investments that led wealthy Orange County, California, into bankruptcy in 1994, this time around, municipalities like Hillsborough County, Florida, -- the home of Tampa -- are entering relatively safe contracts that do not make bets with public money, but are contracts that essentially lower interest rates on outstanding municipal bonds
for a minute there I thought they might be engaged in something high risk! Dont scare us like that LES!



To: Les H who wrote (209049)12/11/2002 2:22:10 PM
From: Tom Smith  Respond to of 436258
 
Banksters are saved!!!! State comptrollers: BYOK-Y party near you soon.....



To: Les H who wrote (209049)12/11/2002 2:25:18 PM
From: jtech  Read Replies (1) | Respond to of 436258
 
<<Cash-strapped states turn to derivatives for help>>
Thats why we wont see a non taxable dividend on stock yields anytime soon.
Who would want tax free Muni bonds If you could get any dividend yielding stock for the same benefit?



To: Les H who wrote (209049)12/11/2002 2:31:42 PM
From: Mike M2  Respond to of 436258
 
Les, they should talk to Orange County, CA -vbg-


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