Posted on 05/09/2002 6:17:33 AM PDT by randita
Get real, pal.
First off; the very term, "General Obligation" is a Prozac-like term!
OK?
So; if it comes to default -- which I've NO reason to believe it won't because the Sacramento thieves have already cleaned-out the coffers, for themselves -- then here's an idea of one potential way the scam could go down...
See what they're doing to ENRON??
Hmmmmmm???
They're *easily* going menuever CA's Socialist-utopian masses into believing the energy screw-up fiasco wasn't THEIR fault.
So; then they're able to hold ENRON responsible for contracts signed by the people ELECTED *or* chosen by the elected to represent CA's interests.
Surely you can see this in the making, huh?
Well then??
The slippery, greased eels are right now seeking * probing for the *weak* spot, somewhere along the contractual chain of events, that'll permit them to paint THEMSELVES as having been, "Taken" ~by those nasty buisness folks who seel *bonds*??
Of course...& naturally, that's not *fair*!!
By God; they're gonna morph *themselves* into helpless, hapless VICTIMS; &, once that's been successfully pulled off?
It's then easy-as-pie for 'em to welch on their OVERALL "OBLIGATION(S)"!!
HA!!
Out there, right now?
Some poor, stupid SOB who was neive enough to actually enter into an agreement with the scum with respect to these, "General Obligation Bonds" (whateverinthehell*that* "is") is being setup to take the fall.
I mean can'tcha just hear it, now?
"These were NOT MEANT to be 'General Obligation" bonds; but rather, of the 'Exceptional Obligation' variety.
Therefore, we're very sorry; but, we [CA] cannot honor these things.
...go sue *them*."
~gaffaw!! :o)
...ah yes; "stupid "is" as stupid does," huh?
They got THAT right!
LOL!
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