Analysts say Wall Street Fees Costing Baltimore Water Bureau Millions

[marmar]

$55 million spent on exotic interest rate swaps to fund water bonds between 2003-2014, and total fees could reach beyond $200 million for all deals in the near future.

[turbinetree]

1. Hey

We got a new right wing governor in our state of Maryland --- his name is Ben Hogan----since he is really gung-ho to cut public education dollars, (just like Walker, Brownback, Pence, Jindal, Bush, and any other right wing hypocrite governor or legislation) and take that money and place it into for profit degrading charter schools -----why doesn't he call for a investigation on this issue-----that's his job description, but know he has his ALEC agenda and our news media says nothing or ask nothing about this issue with him---nada--zilch---zero.
This smells like these Wall Street hedge funds and banks were using the LIBOR basic scam market to manipulate the bonds, by having one crony ask another crony for a favor, because they did have this issue and then old Deutsche Bank had to pay a measly $2.6 BILLION over this LIBOR inside trading issue, while people in my state and in Baltimore get hit with bond fees (higher taxes) made possible of the foxes guarding the chicken house (LIBOR)-------great system, lets have corruption in bond, bank fees and get no jail time see we are all powerful

[erronis]

2. Wonder if this is somehow connected to Nestle and others wanting to monopolize water supplies

Seems like a good way to start; bankrupt the public system and then offer to supply specially-filtered water to the masses, for a price.

Perhaps too conspiratorial, but well within the oligarchs wet dreams.