Headlines Tagged with Bonds — 1,534 headlines found
The only people making money on these bonds are investment bankers who fooled state politicians into believing that ready money in their state coffers now was more important than any future consequences...all together, the states will spend just 1.9 perce
Oct 7, 2014 New York Times
added Oct 7, 2014 16:16
Managers of two of the largest high-yield municipal funds see a buying opportunity in tobacco securities even as more of the bonds are projected to default. The obligations, issued by state and city agencies and backed by funds from tobacco companies, a
Sep 24, 2014 Bloomberg News
added Sep 27, 2014 14:46
The original agreement made no stipulation how the money would be spent and ProPublica found that the most common use nationally was to pay off old debts. Tobacco bonds are very popular on Wall Street, regarded as much for their uncertainties as their h
Sep 19, 2014 AllGov.com
added Sep 19, 2014 20:25
It seemed a boon then, but as Cezary Podkul tells ProPublica Editor in Chief Steve Engelberg in today’s podcast, things haven’t exactly turned out that way.
Sep 15, 2014 ProPublica
added Oct 30, 2014 20:26
A ProPublica analysis of what states did with billions of dollars from tobacco companies — ostensibly to offset the health-care costs of smoking — provides a helpful reminder of how things have gone so wrong in New Jersey. The 1998 tobacco settlement was
Sep 14, 2014 The Press of Atlantic City
added Sep 17, 2014 05:24
An updated tally by ProPublica shows that tobacco bondholders are due $2.6 billion of the $6 billion in this year’s payouts to state and local governments from Big Tobacco.
Sep 11, 2014 ProPublica
added Oct 30, 2014 20:28
Oppenheimer squared off against the Rhode Island Tobacco Settlement Financing Corp. at a state court hearing Monday as the fund company sought to block a $593 million tobacco bond refunding sale originally slated for early August.
Sep 8, 2014 Bond Buyer Online
added Sep 8, 2014 16:45
capital appreciation bonds....are now likely to default. And that could force governments to pony up even more of their future tobacco windfall to investors — money that could otherwise benefit taxpayers. How did it all happen? Here are answers to some b
Aug 19, 2014 North Denver (CO) News
added Aug 19, 2014 07:32
States and localities got cash up front but may end up paying back a lot more than they expected.
Aug 18, 2014 ProPublica
added Oct 30, 2014 20:30
Even when taxpayers aren’t explicitly on the hook, tobacco bonds can cost states and local governments money. Here’s how...some issued what are called capital appreciation bonds, or CABs. ... are now likely to default. And that could force governments to
Aug 18, 2014 ProPublica
added Aug 22, 2014 12:24