What a brilliant idea

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2012-08-07 9:05 AM

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Elite
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Subject: What a brilliant idea

http://www.voiceofsandiego.org/education/article_c83343e8-ddd5-11e1-bfca-001a4bcf887a.html

 

This is why I know our economy is not going to recover anytime soon. They must be hoping for a massive default.



Edited by JoshR 2012-08-07 9:06 AM

2012-08-07 9:15 AM
in reply to: #4350738

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Slower Than You
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Subject: RE: What a brilliant idea
Sweet Jesus, it's like the school board went to a title pawn joint for a $100 million loan. Brilliant, absolutely mind-numbingly brilliant.
2012-08-07 9:45 AM
in reply to: #4350738

Master
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Subject: RE: What a brilliant idea

This looks like an inflation bet to me.  Stupid at this size. I mean I'd bet on inflation too, but not this big.  If you can't do it by traditional means, you probably shouldn't be able to, IMO.

Quick and dirty math on 2% compounding inflation around the would make the same $105 mill worth around $175 mill in 20 years.

And if you take that $175 mill and amortize that out over 20 years, your total payments are around $400 mill at a 10% interest rate, and $535 at 40 years.

Hard to understand.



Edited by jgaither 2012-08-07 9:53 AM
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