Comments on: Moody’s told RI will pay off 38 Studios bonds; Foulkes resigns

By: Ed

Ed — Tue, 29 May 2012 17:17:28 +0000

You will be the horses ass when you find out the city is going to go bankrupt.

By: Josh Barro: Rhode Island should default on 38 Studios bonds | WPRI.com Blogs

Tue, 29 May 2012 11:46:00 +0000

[...] as Marcia Van Wagner of Moody’s noted last week, these are moral obligation bonds, not general obligation bonds, which means the state [...]

By: oreo

oreo — Fri, 25 May 2012 14:41:35 +0000

NOBODY is TOLD how to vote. How old are you? Are you a child?

By: oreo

oreo — Fri, 25 May 2012 14:40:35 +0000

Ed says he lives in Houston! As I recall Houston is riddled with crime, illegal’s and without a course correction, the city of Houston is headed for a $115 million budget deficit in the coming fiscal year and on its way to spending $7.7 billion more than it takes in over the next 20 years, according to draft numbers presented Wednesday.
ed – worry and insult your own!!

By: Timeline: How 38 Studios collected $49.8M from RI’s $75M loan | WPRI.com Blogs

Fri, 25 May 2012 13:12:38 +0000

[...] required to ask state lawmakers to appropriate money in the budget to replenish the fund. However, lawmakers aren’t legally obligated to actually appropriate the [...]

By: Best Headline of the day by Forbes: "Bloody Hypocrite" (Curt Schilling) | Reverie Hound

Fri, 25 May 2012 13:11:55 +0000

[...] In 2010, Rhode Island sold $75 million worth of moral obligation bonds that – including interest and other payments — would put the state on the hook for a total of $121.6 million, according to WPRI.com. [...]

By: Steve D

Steve D — Fri, 25 May 2012 13:08:33 +0000

Any more insults? The true measure of a man’s intelligence is his ability to argue points, without relying on childish insults. This will be my last post directed to this neanderthal.(whoops I did it)LOL.

By: Steve D

Steve D — Fri, 25 May 2012 13:04:26 +0000

Ed, how borderline retarded are you? (terrible Phrase, but yours) These moral obligation bonds do not have the full faith and backing of the state of RI. Not paying them will do absolutely nothing to RI credit rating. Another Know it all dope. By the way I am a retired Providence fire captain with a Masters degree in organic Chemistry. Want to find out just who is borderline?

By: oreo

oreo — Fri, 25 May 2012 12:34:28 +0000

Ed the talking horses A** speaks again. This guy is very funny or a complete dope. I have a friend who is a state employee, Engineer, PE. Graduated from Stanford. Now Ed tell me how dumb he is and how smart you are.

By: Bloody Hypocrite: Schilling's 38 Studios Fires 413 - Forbes

Bloody Hypocrite: Schilling's 38 Studios Fires 413 - Forbes — Fri, 25 May 2012 12:22:29 +0000

By: shedatear

shedatear — Fri, 25 May 2012 07:52:59 +0000

I can’t fathom for the life of me how nobody but the taxpayer saw this coming. This was a bad deal from the start but it was “forward, over the cliff” with the idiots who approved it. Here’s another bad investment: go look at the new train station in North Kingstown and count the tumble weeds rolling through it.

By: Ed

Ed — Thu, 24 May 2012 22:02:50 +0000

Snow the cities will not lose the pension law suits, the state better get with the program and start playing hardball with you public sector unions pukes and show you that the taxpayers are in charge not rejects like YOU!

By: Ed

Ed — Thu, 24 May 2012 22:01:35 +0000

I concur. But Twiggy, you and I both know with numbnuts like Steve D being told how to vote by his public sector union leadership that will never happen.

By: Ed

Ed — Thu, 24 May 2012 22:00:35 +0000

Steve Employees have to be paid for the services they completed, pensions are future potential payments they are not guaranteed. This is money that already has been loaned to the state and needs to be paid back. If the bondholders are not paid back Rhode Island will have a very difficult time borrowing money in the future.
The problem with you public sector employees, is you listen to your union leadership who tells you how to vote and none of you have a clue about money. Rhode Island public sector employees have to be borderline retarded.

By: snow

snow — Thu, 24 May 2012 21:47:13 +0000

I second all that Steve D wrote. Fox and friends decides to pay the millionaire bond holders and honor a moral obligation, while breaking contracts with workers. Whatever happened to “we just can’t afford it,” and “unsustainable.”

There will BE NO negotiations when the state loses the pension lawsuit. The GA better pass legislation to escrow the funds to pay retirees–the bill will eventually come due.

By: twiggy

twiggy — Thu, 24 May 2012 20:21:02 +0000

It’s time for new leadership in state government. I urge everyone to vote out all incumbents next election cycle.

By: Steve D

Steve D — Thu, 24 May 2012 20:09:22 +0000

Is this not sick? After what they just did to state workers, whose contracts mean nothing. They will pay these “moral” obligation bonds? Who are the greedy pigs at the trough?

By: oreo

oreo — Thu, 24 May 2012 19:54:32 +0000

Pretty easy solution. State tax payers will NOT need to pay off the debt. The State employeer retirement fund can be used then repaid later. wink wink nudge nudge

By: GaryM

GaryM — Thu, 24 May 2012 19:35:30 +0000

Ted,

You may have an interest in a new and developing EDC story on the impending Senate Bill 2870.

You can find some background at:

http://oceanstatecurrent.com/analysis/putting-the-edc-in-the-wind-farm-business/

http://bristol-warren.patch.com//blog_posts/east-bay-energy-consortium-act-good-or-bad-dfc74665

There’s more to this new “embrace cronyism” EDC story.