posted
Aug 22, 2010 by News Gatherer
The State is not required to pay any fine or civil penalty, but the order to cease and desist from further violations. New Jersey the first state to ever hit the securities fraud charges by the Securities and Exchange Commission has agreed to settle the case without admitting or denying the findings, the SEC said.
This method also eliminates the need for States to insure municipal bonds, it is not necessary to insure the bonds against default when you can not waive a magic wand and get rid of debt. around issues of debt sending villains and west of us in Colorado, and establish eh. . . . New Jersey has not been accused of deceiving investors in municipal bonds, if the State of Colorado has adopted the reduction of the retirement of debt. ie using the acquisition acquired, contracted to reduce retirement benefits sufficient funds to raise the rating of municipal bonds. If every State has adopted an active policy of confiscating Colorados, the SEC could eliminate its role as regulator of the restriction of all municipalities, saving taxpayers more money. Bonus! Hello state and local. . .
httpv://www.youtube.com/watch?v=yTz1USlbDMs&feature=youtube_gdata
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