Quote:
Originally Posted by Challenger
if tax free bonds were sold, who were the underwriters and who was bond counsel?
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The tax-free bonds are bought by investors, and are available through any stockbroker. They are NOT the same as the bonds on our homes. They are bought mostly by institutions. You can buy them yourself but the minimum increment is $10,000. My broker told me that the last issue (a few weeks ago) was snapped up within an hour, so apparently many qualified institutional investors still regard them as a desirable investment.
In my opinion the Morses will continue to fight the IRS but if they are ever required to settle, they will do so in a way that does not harm TV or its residents. That is what their past actions have shown (think of how they handled the tornado-damaged homes a few years ago.) They have a very long-term investment in TV's commercial properties and will maintain the quality of TV long after the last home is sold.