|
Post by Rich Fisher on Mar 1, 2009 13:43:29 GMT -4
Maryland Residents are Now Able To Purchase State Bonds: Maryland is the latest state government to turn to bonds to help it generate cash in these tough economic times. Maryland State Treasurer Nancy Kopp has announced for the first time, Maryland residents can purchase the state's Triple-A rated general obligation bonds. "In a period of widespread credit concerns, we expect Maryland bonds to be attractive," says Kopp. Interest earned on the bonds is exempt from federal taxes and is also exempt from state and local taxes for Maryland residents. Denominations are being sold for five-thousand dollars each. The state hopes to sell up to 415-million dollars worth. Usually, general obligation bonds are used to pay for projects like road and school building construction. Kopp maintains that any proceeds generated will not go toward closing budget shortfalls or fixing cash flow problems. The bond sale continues on Monday and Tuesday. For more information, go to www.buymarylandbonds.com.
|
|
|
Post by AquaHolic on Mar 4, 2009 8:31:40 GMT -4
Okay...why do I find this humorous...5000.00 per bond...Okay...I have 5000.00 just laying around to buy these things (bend over is the first thought that comes to mind..2nd thought is..well not a nice one either). First they have to make them affordable to the people who are the citizens of the state..and I dont' think That number is it. And what is in it for ME if I did do this? What the gain I will make in the end for letting the state waste my money? I don't trust the people running the state..why would I give them 5000.00 of my hard earned money. Am I in the wrong thinking? and if so..please enlighten me...anyone... Barb
|
|
|
Post by mcbeth on Mar 4, 2009 20:40:42 GMT -4
Gosh, hadn't read the article. $5000 If enough people had that sort of case lying around, well, we'd probably not be in the shape we're in.... Well, on second thought, we probably still would, considering all that's going (and has gone) on in our local, state and fed governments. And in our own collective finances. But still....
|
|
|
Post by linda712 on Mar 4, 2009 21:03:47 GMT -4
If you have the opportunity, listen to the news report, I'm sure tonight, on how many they sold....
|
|
|
Post by bchevy on Mar 4, 2009 21:31:22 GMT -4
4(+)% might be an incentive to some, not me, as if I had $5k to lock away anyway......
|
|
|
Post by mcbeth on Mar 4, 2009 21:51:37 GMT -4
Ok, a decent return, but like you said, bchevy, if I had the cash just waiting for me to invest it.... EDIT: Just saw there was an article on wbaltv.com tonight re the sale: www.wbaltv.com/news/18854202/detail.html
|
|