Comments on Advance Indiana™: Mayor Brainard Creates Carmel Bond Bank Without Council Authority

It's a fee for all- levy at will, whom you wil...

2016-03-07T20:47:45.119-05:00

It's a fee for all- levy at will, whom you will...

Why do we even bother with constitutional governme...

2016-03-07T10:00:58.632-05:00

Why do we even bother with constitutional government?

"Carmel Mayor Brainard follows to-the-bone-co...

2016-03-05T20:25:15.207-05:00

"Carmel Mayor Brainard follows to-the-bone-corrupt ex-soldier Marion County GOP Greg Ballard in lawless action."

Other way around. Ballard was still in the Marines when Jim Brainard started with the massive Carmel spending spree.

Notice how damn silent the Carmel Councilors are r...

2016-03-05T15:43:47.490-05:00

Notice how damn silent the Carmel Councilors are regarding their impotency, or intentionality, of NOT representing the best interests of the people as Tin Horn Emperor-Mayor Brainard (an attorney, right??) goes lawless rogue.

Just as Indianapolis City County Councilors are completely silent on all the illegal corruption that is all still there and which they intentionally allowed to stand, listen to the cricket roar from Carmel's useless own political class on that Council.

One lesson learned from the Indianapolis Bond Bank...

2016-03-05T14:14:45.865-05:00

One lesson learned from the Indianapolis Bond Bank fiasco was that the board should in no way be staffed by unsophisticated, financially unqualified members who rely upon outside advisors to issue bonds.
In 2008, faced with a projected extra $354 million in losses, the Bond Bank was forced to unwind swap contracts costing $53 million for the $520 million water company buyout (Umbaugh & Associates as one advisor); $27 million in Circle Center bonds; $20 million in CIB bonds; $71 million for Lucas Oil Stadium and $35 million for the Convention Center both through the Indiana Financial Authority. The Airport Authority still holds leveraged swap bonds that now show a book value loss of $60 million. It is alarming to know that all of the restaurant tax collected in Marion County for the new stadium since 2008 has been extracted from our community and we are now back at square one on repaying LOS debt.
The $378,000 paid in advisor fees, to a firm accused of bid rigging, and the huge cost of buying out swap contracts has resulted in restructuring the Indianapolis Bond Bank but in Carmel they are intentionally organizing for taxpayer failure.

Property tax is levied on statist notions of infla...

2016-03-05T13:01:29.131-05:00

Property tax is levied on statist notions of inflated value (non market) & hyper-factored (1,2,3) according to the categoric sin of ownership (homestead, rental, commercial); whereby TIFs & other public debt are unConstitutionally collateralized by private property.

That which is perpetual is not a lien but an unConstitutional or fraudulent claim of ownership by a corrupt & predatory state. Social engineering or styling of statism doesn't make it moral or less evil.

These stunts read more like securities fraud than legitimate government. WTF?

Carmel likes being the first for everything. Why n...

2016-03-05T12:43:42.709-05:00

Carmel likes being the first for everything. Why not be the first city in the state to create a bond bank without council approval?

Not sure how many John Schuler's live in Car-M...

2016-03-05T12:37:40.889-05:00

Not sure how many John Schuler's live in Car-Mel but this one is, was, or currently trying to run for Repbulican Precinct Chairman for Cool Creek North District.

https://www.linkedin.com/in/john-schuler-18535012?trk=prof-samename-name

GO FIGURE.....Just another Brainard political backer considering the best interests of Brainard not Car-Mel. Seems most of Brainard's buddies are all Republican Precinct Chairman.

Bond Bank seems more like a Brainard bank to me with absolutely NO concern for the accounting of taxpayer dollars, regardless of how he or others spin the issues.

For the last person to leave the City, you will not have to worry about turning out the lights. The electorate that put all of Brainard's buddies on the Council have taken care of turning them OFF. (NO Government transparency)

Carmel Mayor Brainard follows to-the-bone-corrupt...

2016-03-05T12:29:41.852-05:00

Carmel Mayor Brainard follows to-the-bone-corrupt ex-soldier Marion County GOP Greg Ballard in lawless action.

The Carmel City Council does.... nothing just as the useless Indianapolis City County Councilors did....nothing.

ABOLISH CITY COUNCILS. All they ever seem to do is wail and moan while acquiescing and allowing the illegal.

Who needs ANY of these politicians?

Umbaugh & Associates make a good hunk of chang...

2016-03-05T12:04:01.367-05:00

Umbaugh & Associates make a good hunk of change by providing the ways and means of incurring debt (which are, really, only deferred taxes). Someone has to do the job because the public is so dumbed down that they view elected positions as popularity contests with "qualifications" often dependent on the candidate's hair stylists. Quaint Christian sorts used to know about Satan who went about like a roaring Lion seeking he whom he could devour. Umbaugh goes about seeking clients still capable of borrowing bonded money and perhaps they do not roar but they generally get first dibs at the kill.

"He said the board will rely on financial adv...

2016-03-05T11:35:02.756-05:00

"He said the board will rely on financial advisers when making decisions"

Those would be the bobbleheads at Umbaugh & Associates. They tell Jim Brainerd what he wants to hear.