PolitickerNJ

Port Authority on the hook for $150 million payment on risky swaps

By Darryl R. Isherwood, Politicker NJ 3/08/12 3:28pm

The Port Authority of New York and New Jersey could be forced to pay out more than $150 million this year on a pair of complex and risky investments originally designed to save the agency money. READ MORE 

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See also
Port Authority Losing Millions on Swaps After Audit, Bloomberg Defends Port Authority's Rush to Build 9/11 Museum And Memorial Cuomo's Two Port Authority Appointees Attended One Meeting National Rifle Association Holds Epic Press Conference Reacting to Sandy Hook Shooting Michael Grimm Has $1 Million in the Bank
topics: Interest Rate Swaps, New Jersey, PolitickerNJ, port authority
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