DeSantis and FL moving to hammer Disney

[Anonymous]

Anonymous wrote:Good job, DeSantis. Now let's see you bring this kind of pro-business, small government, sober and careful governance to the whole country.

https://www.tampabay.com/news/florida-politics/2022/04/28/disney-special-district-dispute-could-weaken-other-florida-government-bonds-fitch-ratings-warns/

One of the nation’s leading bond rating agencies warned Thursday that if the state of Florida doesn’t resolve a conflict over its decision to repeal Walt Disney World’s Reedy Creek Improvement District and its obligation to investors, the move could harm the financial standing of other Florida governments.

Fitch Ratings posted the alert late Thursday on its Fitch Wire website, nearly a week after Gov. Ron DeSantis signed into law the measure dissolving the special taxing district that governs Disney property by June 1, 2023.

The Reedy Creek Improvement District holds nearly $1 billion in bond debt, and last week Fitch issued a “negative watch” because of the uncertainty around how that debt will be paid and by whom.

The agency said the situation “reflects a unique and dynamic level of discord” and expects the state to “ultimately work with various stakeholders to resolve the uncertainty.”

But it also added a warning: “The failure to do so could alter our view of Florida’s commitment to preserve bondholder rights and weaken our view of the operating environment for Florida governments.”

I look forward to conservatives either: (1) trying to justify how this is actually great for Florida; (2) accusing Fitch of being part of a vast left-wing conspiracy; or (3) ignoring this entirely.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Good job, DeSantis. Now let's see you bring this kind of pro-business, small government, sober and careful governance to the whole country.

https://www.tampabay.com/news/florida-politics/2022/04/28/disney-special-district-dispute-could-weaken-other-florida-government-bonds-fitch-ratings-warns/

One of the nation’s leading bond rating agencies warned Thursday that if the state of Florida doesn’t resolve a conflict over its decision to repeal Walt Disney World’s Reedy Creek Improvement District and its obligation to investors, the move could harm the financial standing of other Florida governments.

Fitch Ratings posted the alert late Thursday on its Fitch Wire website, nearly a week after Gov. Ron DeSantis signed into law the measure dissolving the special taxing district that governs Disney property by June 1, 2023.

The Reedy Creek Improvement District holds nearly $1 billion in bond debt, and last week Fitch issued a “negative watch” because of the uncertainty around how that debt will be paid and by whom.

The agency said the situation “reflects a unique and dynamic level of discord” and expects the state to “ultimately work with various stakeholders to resolve the uncertainty.”

But it also added a warning: “The failure to do so could alter our view of Florida’s commitment to preserve bondholder rights and weaken our view of the operating environment for Florida governments.”

I look forward to conservatives either: (1) trying to justify how this is actually great for Florida; (2) accusing Fitch of being part of a vast left-wing conspiracy; or (3) ignoring this entirely.

Conservatives will do all three of those things but I have to think that this idiotic, harmful Disney gambit is going to have real effects for DeSantis in the business community. Of course what do I know - this is a country that once elected Trump; the worst can happen and logic can go out the window.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good job, DeSantis. Now let's see you bring this kind of pro-business, small government, sober and careful governance to the whole country.

https://www.tampabay.com/news/florida-politics/2022/04/28/disney-special-district-dispute-could-weaken-other-florida-government-bonds-fitch-ratings-warns/

One of the nation’s leading bond rating agencies warned Thursday that if the state of Florida doesn’t resolve a conflict over its decision to repeal Walt Disney World’s Reedy Creek Improvement District and its obligation to investors, the move could harm the financial standing of other Florida governments.

Fitch Ratings posted the alert late Thursday on its Fitch Wire website, nearly a week after Gov. Ron DeSantis signed into law the measure dissolving the special taxing district that governs Disney property by June 1, 2023.

The Reedy Creek Improvement District holds nearly $1 billion in bond debt, and last week Fitch issued a “negative watch” because of the uncertainty around how that debt will be paid and by whom.

The agency said the situation “reflects a unique and dynamic level of discord” and expects the state to “ultimately work with various stakeholders to resolve the uncertainty.”

But it also added a warning: “The failure to do so could alter our view of Florida’s commitment to preserve bondholder rights and weaken our view of the operating environment for Florida governments.”

I look forward to conservatives either: (1) trying to justify how this is actually great for Florida; (2) accusing Fitch of being part of a vast left-wing conspiracy; or (3) ignoring this entirely.

Conservatives will do all three of those things but I have to think that this idiotic, harmful Disney gambit is going to have real effects for DeSantis in the business community. Of course what do I know - this is a country that once elected Trump; the worst can happen and logic can go out the window.

Disney is a super conservative company.

[Anonymous]

Hear DeSantis is planning to let the bond default and blame Disney.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good job, DeSantis. Now let's see you bring this kind of pro-business, small government, sober and careful governance to the whole country.

https://www.tampabay.com/news/florida-politics/2022/04/28/disney-special-district-dispute-could-weaken-other-florida-government-bonds-fitch-ratings-warns/

One of the nation’s leading bond rating agencies warned Thursday that if the state of Florida doesn’t resolve a conflict over its decision to repeal Walt Disney World’s Reedy Creek Improvement District and its obligation to investors, the move could harm the financial standing of other Florida governments.

Fitch Ratings posted the alert late Thursday on its Fitch Wire website, nearly a week after Gov. Ron DeSantis signed into law the measure dissolving the special taxing district that governs Disney property by June 1, 2023.

The Reedy Creek Improvement District holds nearly $1 billion in bond debt, and last week Fitch issued a “negative watch” because of the uncertainty around how that debt will be paid and by whom.

The agency said the situation “reflects a unique and dynamic level of discord” and expects the state to “ultimately work with various stakeholders to resolve the uncertainty.”

But it also added a warning: “The failure to do so could alter our view of Florida’s commitment to preserve bondholder rights and weaken our view of the operating environment for Florida governments.”

I look forward to conservatives either: (1) trying to justify how this is actually great for Florida; (2) accusing Fitch of being part of a vast left-wing conspiracy; or (3) ignoring this entirely.

Conservatives will do all three of those things but I have to think that this idiotic, harmful Disney gambit is going to have real effects for DeSantis in the business community. Of course what do I know - this is a country that once elected Trump; the worst can happen and logic can go out the window.

Disney is a super conservative company.

I don't know what you mean by "conservative" - but there is no one on this planet who is going to try to get someone elected who they think is going to destroy or hurt their business. If businesses see DeSantis as some kind of chaos monster who's going to kneecap anyone who looks at him wrong, they are going to look for someone else to back.

[Anonymous]

Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good job, DeSantis. Now let's see you bring this kind of pro-business, small government, sober and careful governance to the whole country.

https://www.tampabay.com/news/florida-politics/2022/04/28/disney-special-district-dispute-could-weaken-other-florida-government-bonds-fitch-ratings-warns/

One of the nation’s leading bond rating agencies warned Thursday that if the state of Florida doesn’t resolve a conflict over its decision to repeal Walt Disney World’s Reedy Creek Improvement District and its obligation to investors, the move could harm the financial standing of other Florida governments.

Fitch Ratings posted the alert late Thursday on its Fitch Wire website, nearly a week after Gov. Ron DeSantis signed into law the measure dissolving the special taxing district that governs Disney property by June 1, 2023.

The Reedy Creek Improvement District holds nearly $1 billion in bond debt, and last week Fitch issued a “negative watch” because of the uncertainty around how that debt will be paid and by whom.

The agency said the situation “reflects a unique and dynamic level of discord” and expects the state to “ultimately work with various stakeholders to resolve the uncertainty.”

But it also added a warning: “The failure to do so could alter our view of Florida’s commitment to preserve bondholder rights and weaken our view of the operating environment for Florida governments.”

I look forward to conservatives either: (1) trying to justify how this is actually great for Florida; (2) accusing Fitch of being part of a vast left-wing conspiracy; or (3) ignoring this entirely.

Conservatives will do all three of those things but I have to think that this idiotic, harmful Disney gambit is going to have real effects for DeSantis in the business community. Of course what do I know - this is a country that once elected Trump; the worst can happen and logic can go out the window.

Disney is a super conservative company.

I don't know what you mean by "conservative" - but there is no one on this planet who is going to try to get someone elected who they think is going to destroy or hurt their business. If businesses see DeSantis as some kind of chaos monster who's going to kneecap anyone who looks at him wrong, they are going to look for someone else to back.

DeSantis still hasn’t returned Disney’s $100,000 campaign donation.

But it’s all a win for DeSantis since no one is talking about how he’s successfully denied Black people the representation they used to have in that state. If I could remember what the other DeSantis thread titles were, I’d put this there. https://www.theguardian.com/us-news/2022/apr/23/new-florida-electoral-map-ron-desantis-black-voters-republicans

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

Bond investors are kind of prickly. They don't like obligors even joking about not paying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Good job, DeSantis. Now let's see you bring this kind of pro-business, small government, sober and careful governance to the whole country.

https://www.tampabay.com/news/florida-politics/2022/04/28/disney-special-district-dispute-could-weaken-other-florida-government-bonds-fitch-ratings-warns/

One of the nation’s leading bond rating agencies warned Thursday that if the state of Florida doesn’t resolve a conflict over its decision to repeal Walt Disney World’s Reedy Creek Improvement District and its obligation to investors, the move could harm the financial standing of other Florida governments.

Fitch Ratings posted the alert late Thursday on its Fitch Wire website, nearly a week after Gov. Ron DeSantis signed into law the measure dissolving the special taxing district that governs Disney property by June 1, 2023.

The Reedy Creek Improvement District holds nearly $1 billion in bond debt, and last week Fitch issued a “negative watch” because of the uncertainty around how that debt will be paid and by whom.

The agency said the situation “reflects a unique and dynamic level of discord” and expects the state to “ultimately work with various stakeholders to resolve the uncertainty.”

But it also added a warning: “The failure to do so could alter our view of Florida’s commitment to preserve bondholder rights and weaken our view of the operating environment for Florida governments.”

I look forward to conservatives either: (1) trying to justify how this is actually great for Florida; (2) accusing Fitch of being part of a vast left-wing conspiracy; or (3) ignoring this entirely.

Conservatives will do all three of those things but I have to think that this idiotic, harmful Disney gambit is going to have real effects for DeSantis in the business community. Of course what do I know - this is a country that once elected Trump; the worst can happen and logic can go out the window.

Disney is a super conservative company.

I don't know what you mean by "conservative" - but there is no one on this planet who is going to try to get someone elected who they think is going to destroy or hurt their business. If businesses see DeSantis as some kind of chaos monster who's going to kneecap anyone who looks at him wrong, they are going to look for someone else to back.

Disney supports(maybe supported) republicans over democrats.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

I heard it from some connected Florida republicans(DeSantis outer circle). They are looking for a favorable judge. They think they have a few lined up because people think DeSantis will run for President.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

I heard it from some connected Florida republicans(DeSantis outer circle). They are looking for a favorable judge. They think they have a few lined up because people think DeSantis will run for President.

They are looking for a favorable judge? A favorable judge for what? To host a fundraising event? You don’t get to choose your judge when you file a lawsuit.

Honestly, I think you’re full of it here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

I heard it from some connected Florida republicans(DeSantis outer circle). They are looking for a favorable judge. They think they have a few lined up because people think DeSantis will run for President.

They are looking for a favorable judge? A favorable judge for what? To host a fundraising event? You don’t get to choose your judge when you file a lawsuit.

Honestly, I think you’re full of it here.

Maybe you do not but these guys are doing things a little bit differently. So do not be surprised when this works out in favor of DeSantis.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

I heard it from some connected Florida republicans(DeSantis outer circle). They are looking for a favorable judge. They think they have a few lined up because people think DeSantis will run for President.

They are looking for a favorable judge? A favorable judge for what? To host a fundraising event? You don’t get to choose your judge when you file a lawsuit.

Honestly, I think you’re full of it here.

Maybe you do not but these guys are doing things a little bit differently. So do not be surprised when this works out in favor of DeSantis.

DP. I won't hold my breath.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

I heard it from some connected Florida republicans(DeSantis outer circle). They are looking for a favorable judge. They think they have a few lined up because people think DeSantis will run for President.

Well that's justice for you. The fact is that if he dissolves the special district without assuming the debt, then he has to face the bond holders, not the Mouse. Because the Mouse did not issue the bonds. So Vanguard, iShares and everyone else will come after FL. There is no judge, no matter how crooked, that can assign this debt to them. Even if one tried, it would end up at SCOTUS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

I heard it from some connected Florida republicans(DeSantis outer circle). They are looking for a favorable judge. They think they have a few lined up because people think DeSantis will run for President.

Well that's justice for you. The fact is that if he dissolves the special district without assuming the debt, then he has to face the bond holders, not the Mouse. Because the Mouse did not issue the bonds. So Vanguard, iShares and everyone else will come after FL. There is no judge, no matter how crooked, that can assign this debt to them. Even if one tried, it would end up at SCOTUS.

SCOTUS would side with DeSantis. It’s a republicans court and this is an election issue.