Replies

To: Dr. Scarpetta

To fund the project, MMPA sold $5 million in zero-interest bonds.

What kind of a idiot buys a no-yield bond? Oh, never mind. It's Minnesota.

3 posted on 02/01/2010 10:57:05 AM PST by Lurker (The avalanche has begun. The pebbles no longer have a vote.)

To: Lurker

What kind of a idiot buys a no-yield bond?

Ventura voters.

12 posted on 02/01/2010 11:02:27 AM PST by ZX12R

To: Lurker

But it’s a Tax Free bond!

23 posted on 02/01/2010 11:07:24 AM PST by The Free Engineer

To: Lurker

Ya sure, ya betcha.

30 posted on 02/01/2010 11:10:45 AM PST by Noumenon ("Upon what meat doth this our Caesar feed, that he has grown so great?" - Julius Caesar)

To: Lurker

What kind of a idiot buys a no-yield bond?

They're usually called zero coupon bonds, and there are still quite a few of those issued. The US Government used to isse them, maybe still do.

75 posted on 02/01/2010 4:53:29 PM PST by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)

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