Whatever Group buys or leases Wisconsin’s Utilities from Walker will do so at a too low a price. What is more, the Group that does initially buy it will probably turn around and sell a vast percentage of it at a greatly increased price (increased to reflect Fair Market Value assuming higher rates are charged probably) pocketing the difference.

Don’t worry Koch will probably will be involved but some “Sale of American Infrastructure” department at some less than patriotic Wall Street bank will make sure his name is never used.

ps. My guess it the Wall Street Bank will involve J.P. Morgan Chase, a'la Jamie Dimon ("Obama's favorite banker" per NYT), which may explain Obama's weak resistance to how renegade State Governments are treating their people. Afterall, it was Mayor Daley's stupid, stupid, stupid, stupid, idea to bridge a perceived "budget shortfall" by leasing off the meters in the first place, and a Daley just joined the White House. Issue bonds instead.

For additional information read the chapter titled "The Outsourced Highway - Wealth Funds" from Griftopia by Matt Taibbi


telliottmbamsc's picture
telliottmbamsc 8 years 48 weeks ago

Also, if you dig far enough, you will find the Pritzker name related to Chicago' parking meters

telliottmbamsc's picture
telliottmbamsc 8 years 48 weeks ago

p.s. when you increase the revenue of a business, without changing its costs, increase the value of the business. It is much the same principle as the income approach to valuation. That is how the buyer of the States Utilities will be able to sell off a portion of the ownership for greater than they bought it for.

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