Saturday, December 18, 2010

Peoria County and Build America Bonds

A lot of us were foolish enough to believe that by building the new county nursing home and the museum with these bonds would save taxpayers money.

Not true nor never was. These bonds are financed by your appearing to be going bankrupt federal government. And do you think the investors who are buying these bonds are NOT going to make a "bunch of money" while knowing they can't lose unless the U.S. goes broke?

I have a question. Is anyone who is on any board of directors (PRM) involved in the arranging the borrowing of this money for both the museum and nursing home who could benefit financially?

Just a rumor I heard but I doubt that anyone will check it out. Too much fear of the elite in this community.

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