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1 posted on 11/18/2008 12:36:07 PM PST by Born Conservative
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To: Born Conservative
While no details have been finalized - including the interest rate, amount to be lent, and how the center would use the money - Rendell is hoping to persuade the board to embrace the loan program in a resolution to be introduced as early as tomorrow, the sources said.

And what is the domination of these bonds? If not in dollars (yuan) - that is how Argentina and Iceland went bankrupt...

2 posted on 11/18/2008 12:44:40 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Born Conservative
While no details have been finalized - including the interest rate, amount to be lent, and how the center would use the money - Rendell is hoping to persuade the board to embrace the loan program in a resolution to be introduced as early as tomorrow, the sources said. Sponsored by the federal government and known locally as the "Welcome Fund," the loan program offers green cards to wealthy immigrants who want permanent residency in this country.

So Rendell doesn't know what it will be used for, which makes it hard to pinpoint how much to borrow, but hey, it will bring in wealthy, grateful (legal) immigrants. And how does that benefit us PA residents? (While jobs flee our state and he wants more in taxes to cover deficits in Philly...)

3 posted on 11/18/2008 2:55:17 PM PST by fortunecookie
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