| > If Foxconn does not pay their contractual coupons and the bond, they will be declared in default. It's not their bond. It's the state's bond. > We are talking about $36 MM spread over 20 years, or $1.8 MM per year. It's $36M annually spread over 20 years. $36M per year, not $1.8M per year. "Foxconn agreed to pay $36 million annually across a 20-year term to pay for the surrounding infrastructure supporting the now-abandoned 3,000-acre site." Also, the bonds were for infrastructure for the potential foxconn site. If foxconn isn't going to use the site, they aren't paying for any infrastructure. Especially when the state is looking for new occupants for the site. "Those payments are scheduled to start next tax year, and local leaders told the newspaper they're counting on Foxconn's cash to maintain the site while they try to attract another occupant." We've stolen billions from taiwan already by forcing them to buy our useless weapons. I'm guessing the taiwanese are sick of being taken advantage of. |