Here’s a real eye-opener: Who is pushing Measure K? San Francisco-based TBWB Strategies is behind the effort to pass Measure K. (They are behind the bond that is being floated in the Fullerton District this November, too.) TBWB specializes in passing bonds on behalf of bond consultants, investment banks, law firms, underwriters, and financial advisers with disastrous results. TBWB almost bankrupted Orange County’s Savanna School District with a similar bond scheme two years ago. ocregister/articles/bonds-609532-district-schools.html According to the Orange County Register (Saturday, April 12, 2014), In August 2012, Savanna sold bonds with artificially-inflated interest rates of as high as 12 percent, which resulted in a premium of $922,000. The money went to pay an investment bank, a financial adviser, an election consultant and three law firms…”
Posted on: Wed, 15 Oct 2014 00:19:34 +0000
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