Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||Another State Fraud Unwinding (Tobacco Bonds); entered at 2012-05-06 13:26:17|
Registered: 2010-06-25 Phoenix Arizona
Sort of off topic, but I think the state should encourage smoking - we need to cut the life span, and this is an acceptable and traditional way of doing it. Obviously, the states are beholden to the tobacco companies now, and any drop in receipts from the tobacco companies will be a double whammy (on income and on ability to pay bond holders)|
Taxes on Tobacco were supposed to be tied to specific funds, but they make their way in the states general fund.
It seems that everything has been financialized (or Fictionalized) and nothing is the way it seems.