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By bobinnes (registered) - website | Posted February 02, 2011 at 13:22:21
I missed something. Since there is only $20+3.4 million unallocated, where does the balance of $72.3 million come from?
Anyway, the prudential equity of the HUC was converted into debt (probably at a dangerously variable rate) plus a slush fund which is being squandered as fast as greedy-guts can get their mitts on our "golden goose". While China ploughs past profits into factories, high speed rail, city building, foreign assets, etc., all we can do is vomit our future into the pockets of skimmers, banksters and manipulators in return for a white elephant bauble. Enjoy the moment Hamilton, our future is sold out from under us. Let the children pay.
Frogs, the pot is getting warm.
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