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(BusinessWeek)   Bond. Navajo bond   (businessweek.com) divider line 13
    More: Cool, Navajo, Navajo Nation, municipal bonds, Poverty in the United States, Oil and gas law in the United States, bond issues, Indian tribes, Window Rock  
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2054 clicks; posted to Business » on 13 Nov 2011 at 6:51 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2011-11-13 07:01:06 PM
images.businessweek.com

This place would look great with condos and maybe a golf course. Oooh, and a Pottery Barn!
 
2011-11-13 07:14:01 PM

Rapmaster2000: [images.businessweek.com image 600x300]

This place would look great with condos and maybe a golf course. Oooh, and a Pottery Barn!


Don't forget the liquor store
 
2011-11-13 07:35:32 PM
FTA: The Navajos intend to seek investors willing to settle disputes in tribal courts, a first for a bond issue, Goe says. Clarkson says the requirement "would be a reaffirmation of the legitimacy of tribal courts-this time from the financial market." Yet it may also make the issue harder to sell. Lyle Fitterer, who helps oversee $26 billion of municipal bonds at Wells Capital Management in Menomonee Falls, Wis., says the tribal-court stipulation "is one more hurdle in terms of investing in a deal like this" and could lead to the Navajos paying higher rates.

Has the Navajo Nation adopted the UCC? If they have, that might help with lower rates.
 
2011-11-13 07:45:39 PM
Drive the Mokee-Dugway. Awesome
 
2011-11-13 07:47:16 PM

musashi1600: Has the Navajo Nation adopted the UCC? If they have, that might help with lower rates.


But then they can't just get a favorable ruling from a kangaroo court of people with a deep personal interest in their favor.
 
2011-11-13 09:08:44 PM
They still need money? Really?

Whatever Indian tribe's casino buses comes through my neighborhood seems to be doing quite well. (Though I suppose it's equally possible the tribe is getting ripped off by whoever operates the casino.)
 
2011-11-13 09:15:44 PM

MrEricSir: They still need money? Really?

Whatever Indian tribe's casino buses comes through my neighborhood seems to be doing quite well. (Though I suppose it's equally possible the tribe is getting ripped off by whoever operates the casino.)


The Navajo are near very few major metro areas, and only recently got casinos. Even the cities near their reservation have closer casinos than the Navajo.

But, trust me folks, you do not want to buy these bonds. Growing up near the reservation I could tell you any number of stories about how the Navajo Tribal Government managed to turn Millions of investors dollars in to thousands of investor dollars. The only successful large scale industries had essentially no Tribal involvement other than making royalty payments.
 
2011-11-13 09:20:16 PM
A Bond Offering from the Navajo Nation
The resource-rich Navajo Nation is raising money to stimulate growth and create jobs


Taking advantage of natural resources? Creating jobs? Encouraging growth?

Why are the Navajo so anti-Obama?
 
2011-11-13 10:13:10 PM

SharkTrager: But, trust me folks, you do not want to buy these bonds. Growing up near the reservation I could tell you any number of stories about how the Navajo Tribal Government managed to turn Millions of investors dollars in to thousands of investor dollars. The only successful large scale industries had essentially no Tribal involvement other than making royalty payments.


This. The Navajo tribal government is a wretched hive of scum and villainy.
 
2011-11-13 10:44:03 PM
Is he the sidekick for...

REX DART, ESKIMO SPY? (new window)
 
2011-11-14 10:21:00 AM
You gotta diversify yo bonds, Navajo.
 
2011-11-14 10:34:45 AM
I went to a chapter house meeting because there was a dinner afterwards because Kelsy Begay one of the former Navajo Nation presidents was going to be speaking ... I was expecting to eat a Navajo Taco ... have some mutton stew ... and fry bread ...
He gave a talk on diabetes ... and they had a healthy meal afterwards ... i left pissed off!

And yes the tribal Presidents are crooked. I cannot believe Peterson Zah was working at ASU in Tempe.
 
jvl
2011-11-14 03:22:19 PM

Rapmaster2000: This place would look great with condos and maybe a golf course. Oooh, and a Pottery Barn!


It's a long drive to the nearest store to buy water.
 
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