tag:blogger.com,1999:blog-2447438783001404385.post1035041534158189167..comments2024-03-28T23:48:08.527-05:00Comments on Jackson Jambalaya: Jackson will pay extra $8 million to refinance bondsKingfishhttp://www.blogger.com/profile/06184990110961727404noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-2447438783001404385.post-11619695492695133762023-01-27T12:08:19.679-06:002023-01-27T12:08:19.679-06:00Old criminals, same as the new ones.Old criminals, same as the new ones.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-27329734763379284252023-01-27T11:59:41.087-06:002023-01-27T11:59:41.087-06:00This aged well. This aged well. Kingfishhttps://www.blogger.com/profile/06184990110961727404noreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-28717101665706075132010-06-22T12:36:50.464-05:002010-06-22T12:36:50.464-05:00The notion that all these dollars will be made up ...The notion that all these dollars will be made up down the road by the happenings downtown is pure folly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-10751886124583831712010-06-19T21:09:37.216-05:002010-06-19T21:09:37.216-05:00Thank you for giving your readers such relevant, e...Thank you for giving your readers such relevant, excellent investigative reporting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-87934378530766195352010-06-19T15:17:03.039-05:002010-06-19T15:17:03.039-05:009:22 You mean like replacing the water pipes that ...9:22 You mean like replacing the water pipes that sprang over 100 leaks last winter? Is their plan to just hope for a warm winter for the next 15 winters?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-45752378815937094812010-06-19T09:22:26.038-05:002010-06-19T09:22:26.038-05:00This will be the death of Jackson. They don't...This will be the death of Jackson. They don't have the cash flow now to meet their debt obligations. They are going to use the money saved on paying down their debt to fund current operations. They are gambling that future increases in revenue will be enough to pay the refinanced bonds in ten to fifteen years.<br /><br />Sounds a whole lot like individuals with debt problems who put off paying their mortages and credit card bills.<br /><br />The unanswered question. What the hell is Jackson going to do if in the next 15 years they need to undertake a major infrastructure project? Revenue is now pledged for 15 years to pay the deferred obligations. I don't see sales taxes or property taxes increasing in the city enough to cover the baloon payments during the last five years.<br /><br />Jackson has obligated themselves to stagnation for the next 20 years, and I doubt they will ever be able to dig themselves out.<br /><br />They should have just called one of the 1-800 numbers for credit counselors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-86384555870848274532010-06-19T00:31:22.052-05:002010-06-19T00:31:22.052-05:00It's really a sad commentary that when the Cit...It's really a sad commentary that when the City of Jackson is clearly so eager and willing to be screwed out of money, the only ones to show up to help are some outfit no one has ever heard of.<br /><br />I guess the NY firms were busy that day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-63962016251540113752010-06-18T20:53:50.748-05:002010-06-18T20:53:50.748-05:00Anon at 2:57 P.M. this what you're talking abo...Anon at 2:57 P.M. this what you're talking about?<br /><br />Or maybe there is something else to find?<br /><br />Anon at 8:08 PM -that is right.<br /><br /> http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p017876.pdf<br /><br />See page 15 for this-<br /><br />"Firms Expelled for Failing to Pay Fines and/or<br />Costs in Accordance with NASD Rule 8320:<br />The Malachi Group, Inc.<br />Atlanta, Georgia<br />(September 7, 2006)"<br /><br />Also this (does it settle the previous- or something else?) <br /><br />http://www.finra.org/web/groups/industry/@ip/@enf/@da/documents/disciplinaryactions/p036462.pdf<br /><br />see page 16 for <br />"Porter Bernard Bingham(CRD #1450227, Registered Principal, Roswell, Georgia) and<br />Hal Butts Jr. (CRD #4029277, Registered Principal,Marietta, Georgia) submitted an<br />Offer of Settlement in which Bingham was fined $10,000, suspended from association<br />with any NASD (and now, FINRA)member as a general securities principal for one year<br />and required to requalify by examination as a general securities principal prior to acting<br />again in that capacity. The fine must be paid before Bingham reassociates with any<br />FINRA member following the suspension, or prior to any application or request for relief<br />from statutory disqualification is filed. Butts was fined $5,000 and suspended from<br />association with any NASD (and now, FINRA)member as a FINOP for 15 business days.<br />Without admitting or denying the allegations, Bingham and Butts consented to the<br />described sanctions and to the entry of findings that they failed to cause their member<br />firm to maintain its required minimumnet capital. The findings stated that Bingham<br />and Butts prepared and/or were responsible for the preparation of inaccurate net<br />capital computations, trial balances and general ledgers for their member firm. The<br />findings also stated that Binghamand Butts prepared and/or caused the preparation of<br />inaccurate FOCUS reports for their member firm and filed the inaccurate reports with<br />NASD. The findings also included that Bingham and Butts failed to submit timely notice<br />to NASD of their firm’s net capital deficiency. NASD also found that Bingham failed to<br />file his member firm’s annual audit report in a timely manner.<br />Bingham’s suspension as a general securities principal is in effect from July 2, 2007,<br />through July 1, 2008. Butt’s suspension as a FINOP was in effect from July 16, 2007,<br />through August 3, 2007. (NASD Case #E072005021301)"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-16768198893821321492010-06-18T20:08:00.106-05:002010-06-18T20:08:00.106-05:00There is a large hole in the ship and it is taking...There is a large hole in the ship and it is taking on water....the pumps have already begun to fail...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-80261364997634824182010-06-18T17:08:25.896-05:002010-06-18T17:08:25.896-05:00Jefferson county, Ala, here we come!Jefferson county, Ala, here we come!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-36215050502084509922010-06-18T16:54:45.282-05:002010-06-18T16:54:45.282-05:00Two more links.
http://www.jacksonfreepress.com/i...Two more links.<br /><br />http://www.jacksonfreepress.com/index.php/site/comments/supes_advisor_sued_over_swap/<br /><br />See page 3 for Swaps and more names.<br />http://www.co.hinds.ms.us/pgs/boardminutes/docs/11_21_05.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-54426740910828183032010-06-18T16:36:54.825-05:002010-06-18T16:36:54.825-05:00Read these links if you want to know where to star...Read these links if you want to know where to start asking questions.<br /><br />http://wiki.answers.com/Q/What_was_MR_Beal%27s_involvement_in_West_Basin<br /><br />http://webcache.googleusercontent.com/search?q=cache:qfO-XEC9lkgJ:www.ricefinancialproducts.com/about/t-stovall.shtml+tony+stovall+mississipi&cd=1&hl=en&ct=clnk&gl=us&client=firefox-a<br /><br />Hinds County Swaps see page 3:<br />http://www.co.hinds.ms.us/pgs/boardminutes/docs/02_02_06.pdf<br /><br />More H8inds County see page 10:<br />http://www.co.hinds.ms.us/pgs/boardminutes/docs/01_02_07.pdf<br /><br />Also this from California:<br />http://www.wavenewspapers.com/opinion/bottom-line/47731082.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-37067466897425152562010-06-18T16:20:11.832-05:002010-06-18T16:20:11.832-05:00"There's no need to fear,
Kenny Stokes is...<i>"There's no need to fear,<br />Kenny Stokes is here."</i><br /><br />Apologies to UnderdogAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-77078760100131782412010-06-18T15:33:39.415-05:002010-06-18T15:33:39.415-05:00Do not fear. With Kenny Stokes at the helm, we a...Do not fear. With Kenny Stokes at the helm, we are in good hands.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-20153646783103447652010-06-18T14:57:59.657-05:002010-06-18T14:57:59.657-05:00KF, look deeper in the rocks. Check out Malachi -...KF, look deeper in the rocks. Check out Malachi - who are the principals there collecting $80k. And Rice Financial Products as an underwriter on a deal this size. Wouldn't happen in any other city!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-25774775244080845172010-06-18T14:31:43.917-05:002010-06-18T14:31:43.917-05:00The scariest thing is these bond refinancings are ...The scariest thing is these bond refinancings are going on all around the U.S of A. We will have a double dip recession with higher unemployment. The writing has been on the wall for months. Not if but when.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-55530761143975548512010-06-18T12:28:07.203-05:002010-06-18T12:28:07.203-05:00KF - there's a big problem with things loading...KF - there's a big problem with things loading on this page today (e.g., all the links, the list of most recent posts)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-32670908854444927802010-06-18T12:26:45.727-05:002010-06-18T12:26:45.727-05:00Everyone except Weill is dumb as a box of rocks. ...Everyone except Weill is dumb as a box of rocks. Frankling said in a democracy people get the government they deserve. I don't plan to be around when this balloon mortgage blows up, when they find out there was no miraculous recovery, and they owe way more than they did in 2009. These people on the council are morons for not tabling this for further study before making such a huge committment on such an unreliable foundation, with no "Plan B" in sight.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-69836370184584047682010-06-18T12:17:15.141-05:002010-06-18T12:17:15.141-05:00They will say they didn't understand what they...They will say they didn't understand what they were doing when this all goes horribly wrong down the road... and it's true. They are too stupid to understand what they are doing. <br /><br />Poor City of Jackson. Ruled by idiots.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2447438783001404385.post-35804710360551686212010-06-18T12:03:58.024-05:002010-06-18T12:03:58.024-05:00Oh good LORD.Oh good LORD.Paul Mitchellhttps://www.blogger.com/profile/07825674914008378242noreply@blogger.com