Category: municipal bonds

Please release me, let me go: Part 3, cheaper through scalpers

24 January, 2013 (10:35) | Bonds, Capital markets, Finance, football, Humor, municipal bonds, New York Jets, personal seat licenses, Securities, Speculation |

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   Yesterday we saw that, in addition to unhappy Jets fan Kenny Scarabaggio who had his moment in the sun (actually, the New York Post (January 7, 2013), we have unhappy Jets general manager Mike Tannenbaum, recently fired in large part because of [...]

Please release me, let me go: Part 2, a fully disclosed ripoff?

23 January, 2013 (16:42) | Bonds, Capital markets, Finance, football, Humor, municipal bonds, New York Jets, personal seat licenses, Securities, Speculation |

By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post on the capital-asset implications of a multi-year football Personal Seat License, inspired by a short article in the New York Post (January 7, 2013), introduced long-suffering Jets fan Kenny Scarabaggio, who in a burst of optimism bought a New York Jets Personal Seat [...]

Please release me, let me go: Part 1, harder to get rid of than Mark Sanchez

22 January, 2013 (18:27) | Bonds, Capital markets, Finance, football, Humor, municipal bonds, New York Jets, personal seat licenses, Securities, Speculation |

By:David A. Smith   Up front or over time?    Can we give back our overpaid underachieving quarterback … and my overpriced underachieving tickets?   When it comes to expensive purchases that cannot be financed from normal available cash flows, would you rather accumulate capital (via savings or grants) or indenture yourself for years into [...]

Dunderheads: Part 3, sell the Brooklyn Bridge?

27 July, 2012 (09:05) | Capital markets, Cities, guarantees, Municipal bankruptcy, municipal bonds, Real estate taxes, Scranton, US News |

By:David A. Smith   [Concluded from yesterday's Part 2 and the preceding Part 1.]   What two days ago seemed, judging from its New York Times (July 11, 2012) story, to be merely a personal and political spat between Scranton’s mayor and its city council, has now been revealed, by digging backwards into an earlier [...]

Dunderheads: Part 2, 78% tax increase

26 July, 2012 (09:05) | Capital markets, Cities, guarantees, Municipal bankruptcy, municipal bonds, Real estate taxes, Scranton, US News |

By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday, starting with a New York Times (July 11, 2012) article about Scranton’s mayor’s cutting of all city salaries, including his own, to the Federal minimum wage, we jumped back a few weeks earlier, to a New York Times June 26 story (Arial red) that [...]