1.5 BILLION dollars in Bonds - Ramifications ?

[motz]

He clearly did not say that. The original borrowing that was insured mostly by Syncora and FGIC was for 1.5 billion dollars. That was settled for land that must be developed to ensure recovery as well as other cash generating assets.

But you see,
Willi knows what Kevyn Orr REALLY SAID
and that is what actually
Matters.

Plus this deal supports art, which obviously means wasteful spending and out of control public spending on something that is Very Stupid and Very Useless.

Yo Willi, like everyone else said, read into it. It's the amount KK borrowed to try and 'save the city' by covering up his own stupidity.