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Monday, August 04, 2008

Wall Street to privatize US infrastructure

Cash-strapped U.S. state and city governments are likely to sell or lease more highways, bridges, airports and other assets to investors desperate for stable returns after being frazzled by the credit crisis.
The trend is set to pick up speed given worsening budget deficits in state capitals and city halls nationwide.
It will also be welcomed by Wall Street bankers hoping to help create and market so-called "infrastructure" transactions at a time many debt markets remain paralyzed, and after major U.S. stock indexes fell into bear market territory.
"When you are nervous about everything else, you put your money in a toll road," said John Schmidt, a partner at the law firm Mayer Brown LLP in Chicago. "That's the logic of infrastructure. Returns are stable and predictable. You won't get fabulously rich, but you'll get stable cash flow."

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THIS IS A TOTAL LIE AND JUST AN EXCUSE TO SELL OF THE INFRASTRUCTURE OF THE US . DO YOU REALLY WANT YOUR AIRPORTS, BRIDGES ETC IN THE HANDS OF FOREIGN AND POSSIBLY ZIONIST COMPANIES?

THE STATE OF TEXAS RELEASED THEIR FINANCIALS AND THEY SHOWED A SURPLUS AND EVERY INDICATION IS THAT OTHER STATE BUDGETS ARE THE SAME SEE THE LINK BELOW

To see the State of Texas Financials....

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