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<blockquote data-quote="texan" data-source="post: 1005479" data-attributes="member: 38206"><p>California School District Will Spend $1 Billion to Borrow $100 Million <strong> HUH?</strong></p><p><strong></strong></p><p><strong>It’s being called a loan not even a subprime lender would make.</strong></p><p><strong>A school district north of San Diego, Poway Unified, borrowed $105 million over 40 years</strong></p><p> <strong>by selling a bond so unusual that the State of Michigan outlawed it years ago. </strong></p><p><strong></strong></p><p><strong>Taxpayers in the area will end up with a nearly $1 billion bill at the end of this deal.</strong></p><p><strong></strong></p><p><strong>Read more: <a href="http://www.foxbusiness.com/investing/2012/08/08/california-school-districts-spend-1-billion-to-borrow-100-million/?test=latestnews#ixzz22zenJPW8" target="_blank">California School District Will Spend $1 Billion to Borrow $100 Million | Fox Business</a></strong></p><p><strong></strong></p></blockquote><p></p>
[QUOTE="texan, post: 1005479, member: 38206"] California School District Will Spend $1 Billion to Borrow $100 Million [B] HUH? It’s being called a loan not even a subprime lender would make. A school district north of San Diego, Poway Unified, borrowed $105 million over 40 years by selling a bond so unusual that the State of Michigan outlawed it years ago. Taxpayers in the area will end up with a nearly $1 billion bill at the end of this deal. Read more: [url=http://www.foxbusiness.com/investing/2012/08/08/california-school-districts-spend-1-billion-to-borrow-100-million/?test=latestnews#ixzz22zenJPW8]California School District Will Spend $1 Billion to Borrow $100 Million | Fox Business[/url] [/B] [/QUOTE]
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