So many of us are not happy with the way things are going in our country! We just feel helpless to do anything about it. The far left is in control of the media, capsule the entertainment industry, this web the democrat party, the labor unions and education. They also control the minority groups through entitlements and welfare. A big part of this is Affirmative Action and the damage this has done to the civility of our society. Anyone who speaks up is called a racist or worse. Obama is a protected person because of this and he knows he can do anything he wishes and the media will protect him by spinning things in his favor and often covering for his failures. They also omit his failures like “Fast and Furious”, his use of our tax money to fund “green” companies that are going belly up left and right, many the same companies that made huge campaign contributions to him out of the bailout money the president gave to them. Pure and simple, the Communist movement and corruption is strangling our way of life and replacing it with European Socialism which will eventually morph into something much worse like total government control of every aspect of our lives. Our young people have been taught to accept this and that it is good! They really don’t know any better!
To get a good man in the presidency, we must know what a good man is! This is why the best man doesn’t stand a chance! Government is not the solution to our problems, our values are! We are what we have been taught! We are also what we have not been taught, like good moral values and the difference between right and wrong! Instead, we are taught that everything is just “relative”! Our government is 100% behind these failures. We are not born as good or bad, we must be taught what is good and bad! The false notion that we must have separation of Church and State, (as left to the interpretation of the left) has this country completely upside down! Whether we hit bottom before this phenomenon can turn around or not, remains to be seen! So far, not good!
There is absolutely nothing the tax payer can do to stop these past errors in judgments nor can they do anything about this situation now. Why—-because the County does not have the moxie to sue the bank for out right deception and misrepresentation, bulimics
these types of deals happen across the country to almost every municipality and school district in the country. The deal involves some type of swap or derivative scheme which bordered on nothing more then the house dealing the cards and the player (the tax payer) loosing something——in the case of Northampton County it was——- according to the paper—- $6.8—$25 million——pick a number—you the tax payer will loose something.
Quoted from the article:
Northampton County Council President John Cusick compared the swaption to a polyester suit—it looked good at one time, this
but doesn’t today. “I don’t think that at the time they realized what they did,” Cusick said of the 2004 council.
If they didn’t understand the Multimillion dollar deal they were signing, why in heaven name did they sign it? Who knows—we have most school district in the area in the same boat and I don’t think you have heard the last of these types of problems.
Along with not hearing the last of this——I believe the screws are being tightened down as I write. I believe all banks still holding any paper $ involving Swaps and Derivative are looking at their positions with the eye to put themselves in first place in the food chain of being paid or at least on even par with any other banks involved in the transaction thereby maximizing possibilities of getting a piece of the action $$$ should the house of cards fall—–and I believe it is close to just that—-Falling—BUT what do I know.
If you are involved with your local government and they have debt (which one doesn’t) you should ask how the bonds are financed—-is it a fixed rate/timed bond or is it a Swap/Derivative type deal with viable rate floating % with heavy duty penalties $ to get out. FIND OUT—Northampton County did—so did— Bethlehem Area School District and in both cases it will cost the tax payer dearly.
We Shall See—–how this is to shake out—-don’t you think?