Times-Standard on the McK bonds
Quite a good set of articles, IMO, by Kaci Poor, Grant Scott-Goforth, and Luke Ramseth. (I realize people don’t need to check the Herald to know what’s in the T-S, but after my continual criticism of the T-S, it’s only fair to point out this material.)
There’s a third, but the T-S website is not responding just at this moment, so I haven’t read it: http://www.times-standard.com/localnews/ci_22156908/instrument-or-terrible-deals-school-bonds-spotlight
I am curious to hear more from Mr. Hanger at the HCOE about how CABs are not necessarily a bad thing — they seem to me like bribes offered to Wall Street, pure and simple. They may be a necessity in order to get Wall Street to sell you bonds, but anything that involves encumbering people 40 years hence by giving 10:1 interest to debt ratios seems to me to be poison.