Comments on Advance Indiana™: Ballard Tapping Disaster-Area Bond Program To Finance North Of South Deal

Public indebtedness, the bond market is an unconst...

2011-03-10T23:11:30.701-05:00

Public indebtedness, the bond market is an unconstitutional disaster.

Why would the world's biggest bond fund drop its position in all US debt, quite possibly positioning the Chineese yuan as the world's default currency? Read more:

http://www.bloomberg.com/news/2011-03-09/gross-drops-government-debt-from-pimco-s-flagship-fund-zero-hedge-reports.html

All it takes is compliant feds to sign off on what...

2011-03-09T19:23:48.071-05:00

All it takes is compliant feds to sign off on whatever B.S. someone prepares.

Just like the designation of "blighted" has been bastardized to allow cities to take whatever property they want to do whatever they want whenever they want, this and every other federal program can be manipulated at will. It is widely believed that many of the funds, etc. coming from the federal government are improperly dispersed by the city.

This is about as honest an application of tax doll...

2011-03-09T17:29:00.769-05:00

This is about as honest an application of tax dollars as is the soon-to-be Georgia Street remodelling job. You may recall it is financed largely by federal dollars designated for transportation improvements.

I wonder if the future occupants of NoSo have thought at all about the 'fabulous' westerly overlook they will have of the Delaware & South towing yard?

Will we soon be footing the bill to relocate that mess to some other location?

Good catch Gary. I new they swapped expiring stim...

2011-03-09T10:11:56.297-05:00

Good catch Gary. I new they swapped expiring stimulus bonding capacity for these Midwest Disaster bond capacity at the end of last year. But, I have heard absolutely nothing about a determination that disaster struck a couple of parking lots attached to Eli Lilly.

Sounds like Ravenwood and Frog Hollow are a better match then well heeled insiders.