The Home Equity Theft Reporter: Some Municipal Governments Bailing Out Of Subprime Investments

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Industrial development revenue bonds are issued by local municipal governments to build factories or other commercial properties. The plant or property is leased by the municipality to a corporation. The interest on the bonds is paid from the lease rental payments made by the corporation.

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The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. which is just a fancy way of saying they made money lending.

When the Government and Troika robbed the nation blind and crashed its economy the people said nothing and took it. When their bank accounts were frozen and money stolen to bail out the banks.

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