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Forums » Cox Raises Rates in Lafayette » BB prices down; but gas; electric; water prices up
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« Gotta get money for bribes somewhere...  
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ricep5
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join:2000-08-07
Jacksonville, FL
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reply to ricep5
Re: BB prices down; but gas; electric; water prices up

Well sorry, I beg to differ;

- The bonds can be refinanced
- The bonds can be insured
- The bonds could be sold en masse to a private party
- The assets could be sold to payoff bondholders

The bondholders assume the risk, not LUS.

While not exactly the same (commercial vs. Municipal) ask @Home bondholders who held the bag when they collapsed.
to forum · permalink · · 2006-07-13 22:35:52 · Reply to this
Forums » Cox Raises Rates in LafayetteReal world »
« Gotta get money for bribes somewhere...  

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