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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1405461)	6/7/2023 9:48:57 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1576955

Iger is running Disney. Try reading the lines I posted rather than in between.... By law, Reedy Creek needed to be a public and separate entity than the private commercial Disney, but Iger has repeatedly shoved his foot in his mouth by claiming DeSantis is attacking Disney (admitting that Reedy Creek is not a separate entity from Disney). The Florida government has already acted and Iger has already lost Reedy Creek, but he is now risking potential securities fraud allegations by admiting these entities were not separate. This is fraught with danger, and there is no benefit but for Iger’s ego. Among many perks, Reedy Creek effectively gave Disney the ability to issue muni bonds, which allowed Disney to borrow money at much lower interest rates than corporate bond rates. It is estimated that this loss will likely cost Disney trillions of dollars in higher expenses over the following decades. The best coverage of this is by Legal Mindset, who is a lawyer with a YouTube channel, that coincidentally happens to have actual extensive experience in this highly niche part of law involving Florida special districts. Main stream media coverage is exceptionally awful because they know nobody will call them out because nobody understands the legal system, let alone the minutia of Florida state law involving special taxing districts.