Securitization Bill Passes Muster In The Senate, But Bond Experts Warn It’s A Far Cry From Rescuing GERS

CHARLOTTE AMALIE — The Legislature of the Virgin Islands voted to approve the debt consolidation package of $1.1 billion in matching fund bonds over some objections from the Senate on Friday. On a vote of eight to five, the Senate voted to support the so-called “securitization” bill that Governor Albert … Continue reading Securitization Bill Passes Muster In The Senate, But Bond Experts Warn It’s A Far Cry From Rescuing GERS