BENNET'S BOND BOONDOGGLE BITES BACK

Opinion by Gerald Trumbule
See Denver Business Journal article here
Remember when U.S. Senator Michael Bennet was Superintendent of Denver's Public Schools? Remember the ill conceived bond/swap deal he got us into then? That's right, the one we had to pay $42,000,000 (in 2011) to the banksters (JPMorgan Chase) in termination fees to get rid of half of it?
Well, here comes the second half.
It's now going to cost us (DPS) $124,000,000 to get rid of the last half of this steaming pile of groat cakes. So it looks like Bennet, brain-child of Billionaire Anschutz, cost DPS $166,000,000 so far (and that's to say nothing of the interest that will be paid over the years). That's a big bite in our collective ass.
Didn't we just vote to raise our property taxes to give more money to DPS? (My personal tax liability went up $1,000 this year as a direct result.) I guess I see now why they needed the money. Bennet, the Bagman, had arranged to deliver more money to the banksters.
Bennet beat Andrew Romanoff to win his current Senate seat. Why did we elect a Bagman? Oh, that's right...Obama's boy.