AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Close
Create a link to this page
Copy and paste this link tag into your Web page or blog:
<a href="http://www.accessmylibrary.com/coms2/summary_0286-10426776_ITM" title="Facts and information about TOBACCO BONDS FOR SALE.(Brief Article)">TOBACCO BONDS FOR SALE.(Brief Article)</a>
Close
Set up an RSS feed that alerts you when new articles from The American Enterprise are available.
Frequently asked questions about RSS feeds
TOBACCO BONDS FOR SALE.(Brief Article)
The tobacco settlement hustle deepens. In 1998, 46 states, the District of Columbia, and numerous counties were awarded millions of dollars in future payments from tobacco companies, supposedly to cover future medical costs related to smoking. In practice, the greatest profit went to trial lawyers.
Now Wall Street is going to be dealt in. New York, D.C., Florida, Louisiana, and other states and counties are converting their 24-year revenue streams into lump sum payments--by selling future payments at a ...
Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
- Tobacco bonds give Wall Street needed bonanza; Work will generate $250...
- Magazine article from: Crain's New York Business Gandel, Stephen March 10, 2003 700+ words
...million in fees for Wall Street firms over the next...35 million, the tobacco bonds are turning out to be a saving grace for Wall Street. ``We are bullish...heads that firm's tobacco bonds effort. ``Our municipal...
- Flushing out what's hiding in the hedge; Investors hire sleuths to check out...
- Magazine article from: Crain's New York Business November 17, 2003 700+ words
...New York State's tobacco bonds, despite threats earlier...called "enhanced'' tobacco bonds, which are guaranteed...5 million worth of tobacco bonds in the state's first...increasing role on Wall Street, as the major firms...
- Rendell Seeks Tobacco Bonds for Medical Fund.
- Magazine article from: The Bond Buyer Stark, Jonna April 19, 2007 700+ words
...were political, it did not come up for consideration," Yablonsky said. While state officials have talked to a number of Wall Street firms about the proposal, they have not selected specific managers or bond counsel for any possible deal. If the bill passes...
- Banking Woes Add to Wall Street Gloom.
- Newspaper article from: Knight Ridder/Tribune Business News March 16, 2003 700+ words
...More banking woes will consume Wall Street this week as major investment...more than 30 percent. One of Wall Street's few new revenue generators...60 percent of all so-called "tobacco bonds" and contributed to a 7 percent...
- Wall Street to Be Tapped for Financing of Jets-Javits Project.
- Magazine article from: The Bond Buyer McDonald, Michael March 25, 2004 700+ words
...Corp. is expected soon to solicit formal proposals from Wall Street for financing many of the elements of the $2.8 billion...to use the state's mortgage registration tax to secure tobacco bonds. The ESDC could also serve as a conduit for selling tax...
- EDITORIAL BUDGETING FOR FAILURE THE PROGNOSIS IN SACRAMENTO JUST KEEPS GETTING...
- Newspaper article from: Daily News (Los Angeles, CA) April 7, 2003 700+ words
...giant worrying about whether it can afford to make its next payment to the states, and Wall Street skittish about the credibility of tobacco bonds. Wall Street now might not be willing to buy the bonds after all, or might demand interest rates...
- TOBACCO BONDS: New Law Snuffs Out Tobacco Rally.(Investors & Investing)
- Magazine article from: The Bond Buyer June 24, 2009 700+ words
...regulate cigarettes beat back a rally in tobacco bonds this month. President Obama on Monday...the mend, the legislation knocked tobacco bonds back to the floor. "My immediate...Investors own about $36 billion in tobacco bonds. Payments under the MSA - and consequently...
- Despite Court Victory, Tobacco Bonds Face Continued Risk.
- Magazine article from: The Bond Buyer Albanese, Elizabeth March 8, 2004 700+ words
...Friday that bondholders who invest in tobacco bonds continue to face risk on a number of...approximately $20 billion of outstanding tobacco bonds, prices for which have been volatile...bankruptcy. That decision hit prices for tobacco bonds in the secondary market and effectively...
Source: HighBeam Research, TOBACCO BONDS FOR SALE.(Brief Article)