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Friday, March 19, 2010

Swaption Fees For Tax Dollars Again

Wachovia Bank December 5th,2006 $62,110,000

Stevens @ Lee Swap Counsel $49,415
John Bradley,Solicitor $25,000
John Stott,Special Counsel to School District $10,000
Concord Public Finance,Financial Advisor $90,585
Derivitive,Prepaid Swap monitoring $15,000

With a Total of $190,000

These Fees Alone Cost The Reading Taxpayer $971,000 for Three Bond Swaps That certainly would buy many Pencils and Notebooks

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