Entries Tagged as 'new jersey'

New Jersey’s indentured taxpayers give Goldman $1 million per month for swaps on non-existent bonds

October 23rd, 2009 85 Comments

Stacy Summary:  What’s the proper word for it?  Debt slavery?  Indentured servitude?  So many schemes so few words.  We need a new Shakespeare. New Jersey pays Goldman Sachs for swaps on non-existent bonds “This vividly shows the risk of entering into interest- rate swap agreements,” said Christopher Taylor, former executive director of the Municipal Securities [...]

Tags:   · ·