Wednesday, January 21, 2009

MAY I SEE THE MANAGER, PLEASE?


Vancouver City Hall will "take over" the Olympic Village.

Vancouver will issue special Olympic municipal bonds.

Some of you will actually buy these things.

Won't this all be fun!

2 comments:

keith said...

actually raising money for expensive projects by issuing bonds is an excellent idea. Far better than dealing with these investment companies such as Fortress.
The beneficiaries would be pension funds and individuals looking for safe retirement income.
Translink should take the hint.

Anonymous said...

David,answeres please,are we going to payback the 600 million dollars to the American hedge fund known as Fortress in US$ or Canadian dollars$?
Seems to me that will cost BCers an extra 120 million or more,this would not be an issue if the original "Deal" was with a BC credit union or Canadian bank.

Just a little food for thought!

Cheers