The Arizona Desert Lamp

Unsettling metaphor of the day

Posted in Uncategorized by Evan Lisull on 27 April 2009

From Joel Valdez, senior VP for business affairs, on the latest bond issue from the UA:

“Anytime you sell bonds you incur debt; it is just like a mortgage on your house,” Valdez said via phone on Sunday.

And we haven’t any problems with mortgages recently, now have we? The bonds, coincidentally, are being sold by CitiGroup Global Markets, an organization that might know a thing or two about the problems of incurring debt.

The UA is in a slightly better condition. After all, the school only has to implement a “Dormitory Construction Bond Retirement Fee” on its students, make sure it lasts into perpetuity, and smile with a shovel for the press conference.


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