Brauer: "But Keith and Vickie aren't satisfied"

Heller:  Don't speak for me David - I'm still sleuthing.

Brauer:   ".....wishful thinking after the original accusation that
Target Center delivers no taxes to the city proved to be baseless."

Heller:  What proof?  I haven't seen any cancelled checks yet.

MCDA/Tetzlaff:  "Regarding the office building being constructed next
to the Depot skating rink......the MCDA has no involvement in its
financing."

Heller:  Why then, is there a large MCDA sign on the side of the
building under construction?

I'll report to the Mpls Forum when my investigation of these matters
is complete, or when I encounter a stonewall.  I have limited time
available for this project - I'm busy watching Freddie Mac and Fannie
Mae melt down on the stock market.

Would someone from the MCDA explain what "credit enhanced by Fannie
Mae" means - as it relates to the sale of municipal bonds.  I noticed
this phrase on Steve Minn's Stone Arch Apartment summary posted on the
MCDA website, and of course Fannie Mae is one of two limited partners
in the Riverside Plaza deal.

Friday's Strib....National Business Briefs

"Treasury chief urges closer Freddie Mac regulation: Treasury
Secretary John Snow on Thursday urged tighter regulation of Freddie
Mac, the home mortgage company under criminal investigation by federal
prosecutors, and its larger sister in the mortgage market, Fannie Mae.
Snow was the first member of the Bush administration to comment on
Freddie Mac since the government-sponsored company shook up its top
leadership Monday because of accounting problems. "

Friday's Strib......

Critics have said for years that the two used their status to build
financial houses of cards and to avoid full public disclosure about
what they were up to. The critics, as diverse as Ralph Nader on the
left and Republican Rep. Richard Baker of Louisiana on the right, had
an "I-told-you-so" moment Monday when Freddie Mac announced the firing
of its president over an accounting review and the abrupt resignations
of its chairman-CEO and chief financial officer.

A criminal investigation by federal prosecutors and a formal inquiry
by the Securities and Exchange Commission were disclosed two days
later.

http://www.startribune.com/stories/671/3934909.html

Vicky Heller, North Oaks

TEMPORARY REMINDER:
1. Don't feed the troll! Ignore obvious flame-bait.
2. If you don't like what's being discussed here, don't complain - change the subject 
(Mpls-specific, of course.)

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