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Fraud, Pyramid, Ponzi? What is Bend City Hall??

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Fraud, Pyramid, Ponzi? What is Bend City Hall??

Postby bruce on Tue Dec 23, 2008 10:57 am

Fraud, Pyramid, Ponzi? What is Bend City Hall??

The City of Bend is getting into debt at the rate of $10M/month by my figuring. Debt that by the magic of expected sales of JR land, and other ASSETS, they can make BEND BOOKS BALANCE.

But what is really behind the SCAM? I think that it is a collective conspiracy to defraud retiree's who are the principal purchasers of MUNI-CMO debt.

CMO like CDO is the next cart to fall, in CALI city's are going BK all over, and the tsunami is coming to ORYGUN.

There has been NO attempt in BEND to 'pay as you go'. The city today is in arrears of over $2B short-fall in infrastructure, because of HOLLERN's lobbying for SDC deferral that today is essentially ZERO.

The BOND holders of BEND MUNI debt will get wiped out?

Who would have guessed?

Who could have known?

Is it was it a fraud, conspiracy, ponzi, pyramid??

Postby Guest on Tue Dec 23, 2008 1:24 pm

Deeper than City of Bend, involves Deschutes County Officials and Assessors Office. Take a look at any property RMV between 2000 and 2006, that inflated figure percentage was progammed into the County Computer by someone each year for all parcels. That led to Banks and others lending way over what the actual value was. Fine if you were a seller, not so good if you were a buyer

Salve Notifica a noi

Postby LooloEdible on Wed Feb 15, 2012 6:30 am

Grazie per il vostro aiuto in questa materia. Non sapevo che.


Postby garethdain on Sat May 05, 2012 5:04 pm

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