I know what it is like waking up one morning and thinking you have the world by the sack and it’s just a matter of time that with firm pressure the world will come into compliance. All of a sudden in a cosmic reach around the world snags your scrot and flips you under its legs like a 1940s Jitter Bugger.
It is over.
You didn’t see it coming. Well you did but you thought you were so smart you could talk your way out of doom.
City Attorney A. (Anthony) Patrick Munoz esq. has to feel at this moment like he has been handed a schist sandwich and told to take a big old bite. Hows that taste Patrick?
The bond scam that was Project Phoenix, has been given the death nail as the Department of Finance has told the City of Twentynine Palms in no uncertain terms that not only can they not use the proceeds of the 2011 Series A and B bonds for Projects but that they are required to Defease the bonds themselves.
We have been saying this from day one. The bonds serve no purpose other than lining the pockets of the 1%. They must be repurchased and defeased. The above quote puts it in plain language. This was a scam that had little chance of success. Like Rats the city elite bought into this scam lock, stock and barrel. RSG, Munoz and the Bonding company played a pretty little tune and the Rats followed the city’s children’s future in the balance….. Now it is time to pay the Piper.
There is going to be hell to pay. The city will loose its treasure.
For those of us who have been trumpeting the peril of this scam for well over a year, we feel vindicated.