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12-16-2012, 01:54 PM
  #915
mesamonster
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Join Date: Oct 2011
Location: Scottsdale, AZ.
Country: United States
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Quote:
Originally Posted by TheLegend View Post
Glendale could have still tried to sell the bonds. GWI's involvement (or interference depending on who you talk to ) drove the costs of servicing them up. And there was still the threat of a lawsuit.

The Blues purchase was a completely different transaction with different parameters. We just got done discussing on the last three pages or so about how you can't compare any two scenarios.
My goodness TL, blame GWI for the complete idiocy and incompetency of the COG Council!!! GWI, merely sent a letter regarding their belief that the bonds were in their minds a municipal scam. Fact is, the market agreed with them and therefore the bond deal never went forward. Kudos to GWI for doing the right thing!

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