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Trading of Evergrande Shares HALTED As Ponzi Collapse Spreads, Bond Holders Left As Bag Holders

Trading of Evergrande Shares HALTED As Ponzi Collapse Spreads, Bond Holders Left As Bag Holders

by: Ethan Huff (Natural News) A few days ago, the Chinese government halted all trading of Evergrande (HKG:03333) stock, claiming that the move is necessary in order to “restructure” the failing developer. Massive overleveraging resulted in a partial collapse of the stock before the government quickly intervened to “save” it, effectively kicking the can down the road and […]

Oxnard, CA | Water Master Plan

Oxnard, CA | Water Master Plan

Commentary by Larry Stein The Oxnard City council is about to approve the refinancing of $40,000,000 of Water Bonds. I wish to inspect the public documents that reflect the expenditures that was paid by the original debt. I wish to know how much of the proceeds was used to benefit the non-potable users and how […]

China Yuan Swaps Soar Amid Fears Evergrande Default Will Lead To Liquidity Crisis

China Yuan Swaps Soar Amid Fears Evergrande Default Will Lead To Liquidity Crisis

BY Tyler Durden | ZeroHedge The initial contagion from the upcoming default of Evergrande, which after the company’s hiring of bankruptcy advisor Houlihan Lokey is just a matter of days, is starting to emerge. China’s one-year onshore swap curves surged to the highest in almost four years, signaling market worries over liquidity shortage on potential default […]

Endgame Begins: Evergrande Hires Bankruptcy Advisors As Furious Investors Protest Imminent Default

Endgame Begins: Evergrande Hires Bankruptcy Advisors As Furious Investors Protest Imminent Default

BY Tyler Durden | ZeroHedge It took Evergrande less than a day to go from denying “rumors” of bankruptcy (as per a statement posted on its website earlier today), to confirming that a bankruptcy is imminent. In a filing on the Hong Kong stock exchange on Tuesday, Evergrande which was busy trying to convince angry Chinese mobs that […]

Treasurer Fiona Ma Announces New Regulations to Streamline Financing of Low-Income Housing, Allocation of Additional Bonds

Treasurer Fiona Ma Announces New Regulations to Streamline Financing of Low-Income Housing, Allocation of Additional Bonds

Sacramento – State Treasurer Fiona Ma announced that two committees she chairs, the California Debt Limit Allocation Committee (CDLAC) and the California Tax Credit Allocation Committee, have each adopted regulations to streamline the process for financing low-income housing and create greater alignment with the Newsom Administration’s housing goals in the process for financing low-income housing […]

Educrats Trying to SCAM $54 BILLION in New Bonds for Failed Schools—NOT a Joke

Educrats Trying to SCAM $54 BILLION in New Bonds for Failed Schools—NOT a Joke

  . By Stephen Frank,  California Political News and Views Either those in the Secretary of State office and Attorney Generals office are mathematically illiterate—or they are scam artists.  They claim a bond measure is for $15 billion, knowing that is a lie.  Including interest that bond costs $27 billion.  If they told the truth most […]

Treasurer Fiona Ma Announces Fall Bond Sales of $4.16 Billion

Treasurer Fiona Ma Announces Fall Bond Sales of $4.16 Billion

SACRAMENTO – State Treasurer Fiona Ma today announced the upcoming sales of seven bond issues totaling approximately $5.16 billion. The sales begin September 5 with $2.3 billion of General Obligation bonds. “Significant portions of these General Obligation bond sales will be used to finance older debt at today’s lower rates,” the Treasurer said. “This will […]

State Treasurer Fiona Ma Announces the Sale of $83.9 Million in Green Bonds for the Drinking Water State Revolving Fund Program

State Treasurer Fiona Ma Announces the Sale of $83.9 Million in Green Bonds for the Drinking Water State Revolving Fund Program

SACRAMENTO – California State Treasurer Fiona Ma announced the sale today of $83.9 million in revenue bonds on behalf of the State Water Resources Control Board (State Water Board) to provide financial assistance to local governments for safe drinking water projects. The sale represents the inaugural issuance of bonds by the California Infrastructure and Economic […]

State Treasurer Fiona Ma Announces Sale of $299.6 Million in Bonds for State Water Project

State Treasurer Fiona Ma Announces Sale of $299.6 Million in Bonds  for State Water Project

SACRAMENTO – California State Treasurer Fiona Ma announced the competitive sale today of $299.6 million in California Department of Water Resources (DWR) water system revenue bonds to refinance certain State Water Project capital improvements, including a portion of the costs of the Oroville Dam Spillways Response, Recovery and Restoration Project. “These funds will be used […]

Treasurer Ma and State Board Raise Ceiling on Bonds Used Often to Develop Affordable Housing

Treasurer Ma and State Board Raise Ceiling on Bonds Used Often to Develop Affordable Housing

 SACRAMENTO – The California Debt Limit Allocation Committee (CDLAC), chaired by California State Treasurer Fiona Ma, on Wednesday unanimously voted to raise the 2019 state bond cap for qualifying private activity bonds to $4,153,489,725, a $2,141,160 increase over the state ceiling set in 2018.   At the same time, the committee reaffirmed its continuing legislative […]

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