[Donna Rumsfeld]

I know this is an old press release, but I was researching capital leases and found this. I thought it was hilarious that agencies within the federal government have approved such transactions. They try to put all the blame on corporate America, the accountants, and the attorneys. Please forgive me if this has already been discussed.

[B4Ranch]

Designed unaccountability is what our politicians do best.

>>The obligations of the promoters and municipalities are prepaid through “phantom” debt, and neither the tax promoters nor the municipality assumes any credit or ownership risk.<<

“phantom” debt appears in every city budget making them all poor and needing a rise in local taxes.