Bach wrote:
Can4less and Doubting demonstrate why I had to up front, in the OP, provide this disclaimer: “And being up front again, I recognize most on this board may not have the experience nor understanding to appreciate this issue.”
Neither know anything about how municipal bonds are brought to the bond market and don't realize that these financing instruments are being marketed and sold into a worldwide investor market. That’s why lack of such disclosures in the indenture are criminal and matter beyond state borders.
Well. First of all, one of us is wealthy and I'll drop you a hint. It's not you.
Two. I made most of my wealth through long-term shrewd investing, bitcoin, and male prostitution (your mom was the best client, really, tipped very well).
Three. I would absolutely love to talk to you about municipal bonds, how "they're brought to market" (lol), and how municipalities find lenders and pay for said bonds.
- Doc