the finance corp.ase revenue bonds. in 99 -- in 1999, voters approved the issuance of bonds for equipment with increments of 5% each year. the idea is that you pay down debt. as of now, we have the capacity of $55.7 million. we have about 25 available for issuance. we're proposing to issue $10.5 million in equipment that the board had already approved. this is coming later. we expect not to have any debt service payments in its fiscal year, but it will start accruing in the next fiscal year. the fund is approximately 10% of the paramount. you have to have occupancy before you can make payments. some of the equipment [unintelligible] in addition, some of the accounts that will participate will be the sheriff, police, fire -- the usual suspects. it will be about $8.7 million in equipment proceeds. additionally, we have included some documents that include a preliminary official statement. the plenary official statement includes appendix "a" and that is updated to end -- be included in the most recent rep

i think the thing to note here, chris, is that the billionaire corps brothers finance the exchange councilhese into 33 state legislatures in the past two years. so that 5 million voters have been purged for the roles in states where similar laws have been passed to the one in texas. and it isn't about the fraud. when you think about 50 voters out of the millions of people that vote in this country, this is a smoke screen for trying to suppress a vote that i think the coke brothers are concerned about, where the 99% is for the 100%. that's the real debate we should be having about the voter id laws, not this fraud question. but this question of whether we are going to allow each and every citizen to participate by exercising their right to vote, that people fought and died for in the 1960s in this country. >> mary kay henry, good to have you on the program. >> thank you. >>> just 136 days until the start of the summer olympics and the white house just announced michelle obama will lead the u.s. delegation to london. today mrs. obama is hosting a mini olympic competition for d.c. area kids a

we need to have a finance and i'm going to suggest you get u.s. bank corpt owns that and a health care one. i'm going to suggest abbott. you make those changes and i'll feel much better about your situation. let's go to rosemary in missouri. i do have missouri to go deep in the tourney. >> caller: a big booyah to you from the show me state. >> show me, show me. you bet get to the elite eight. >> caller: i'm new at this and i just need your advice. i have a buy for you, it chesapeake, chk, ford, spectra, i just got microsoft and agnc. am i divorcified? if not, what do i need to do? >> you're new at the game but i think you're pretty savvy. ford, the oils have been beaking out. ford can do it. microsoft, you have tech. that's all right. good balance sheet, lots of cash. i like window 8. chesapeake and spectra energy, this is more of a peopleline and a producer. and mortgage capital is doing well. you have auto, tech, pipe, i think that's terrific. let go to jim in michigan. >> caller: hello, sir. i've got tfcx, sdd and intc. >> we can do that. we'll desymboli

out loans to finance their tuition for her five students for profit two and four year schools sign off on loans also according through the department of education and the loans of peace corps profit schools are pretty hefty too based on an analysis of better all data by the college board more than half of students attending four year for profit colleges are going to merge with that of more than thirty thousand dollars compared to less than a quarter of students at private nonprofit colleges and twelve percent of students at public universities so this is mitt romney solution to our student loan debt problem everybody but i wonder if father since his takes prove that for profit institutions in fact saddle students with more debt i would support them i guess the answer is always follow the money twice romney has endorsed a full sale university this is a for profit institution in florida where by the way constitution runs more than eighty thousand. dollars but what i didn't mention is that full sales chief executive man named bill hemmer he's a major campaign donor and the cochairman of his state fund raising team in florida on top of that he and his wife and each given the m

corps i was trading that led to m.f. global imploding now we are lucky that our guest janet have a koli president of have a call the structured finance is an expert in derivatives she's also author of this book the new robber barons how bankers created an international all of archy and she is going to help us understand what issues of this and others like fraud still pose to the financial system so first of all welcome to the show we are so happy to have you here in washington d.c. it's great to be here laura great so before we get into m.f. global or any kind of specifics i'm just wondering more broadly because your bank is about the all the banking all of our we saw of course that greg smith goldman sachs op ed which said that profit is the only motive and you have people in the financial press saying come on this guy is kind of naive obviously profit. the only motive i'm wondering if this is more broadly the egos on ball street and if so what lengths are broadly acceptable to go to to achieve these profits well i hope that profit is the motive this is the money business after all there's nothing wrong with making a profit the ques