[randita]

I'm not up on bond schemes. Can anyone explain what White is doing to personally benefit from being involved in the issuance of these bonds?

[rightazrain]

The only thing I can think of is kick-backs.

[JeanLM]

Commission on the placement of the $125 million is what he gets; or his firm does. Interesting that a Philadelphia lawyer had anything to do with the deal, since J.P.Morgan has bond experts galore in NYC. Look for a connection between someone in Mobile and Street and his crew. A VIG is in there somewhere, and the commision on the bond sale is not small change. Interesting that they saved interest by having the county, not the school system sell the bonds. Probably had the better rating than the school district. Someone engineered that. Probably sold the deal.

[Dog]

I'll ping you to a few things I found on the bond fraud issue.