liberty index 2011 act 79 0f 2100 taxpayers forced to bailout harris burg bond holders - lobbyists...

8/2/2019 Liberty Index 2011 Act 79 0f 2100 Taxpayers Forced to Bailout Harris Burg Bond Holders - Lobbyists Win

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ACT 79 Oct 20 SB 1151 Municipalities Financial Recovery Act

Act 79 The Forgotten Taxpayer Is Forced to Bail Out Billionaire Bond Holders - Lobbyists Win

TIER 3 AGAINST LIBERTY ALL MEMBERS This bill has good and bad aspects and there are

valid reasons to vote yea or nay. ALL MEMBERS will have 50 points deducted from the

grade.

This bill protects Harrisburg Incinerator Bond Holders to be given preference over taxpayers

of Harrisburg. Despite general language, this bill for purpose of allowing Governor and GeneralAssembly to take control of Harrisburgs finances rather than bankruptcy court. SEE

Pennsylvania Plan for Harrisburg WSJ 7 February 2012

This relates to Harrisburgs bankruptcy and insolvency and, in particular, the incinerator bond.

1) Bond Insurers Hired Lobbyists as Lawmakers Argued Over Harrisburgs Fate By RomyVarghese Bloomberg Dec 19, 2011

Assured Guaranty Municipal (AGO), which backed the debt driving Harrisburg,Pennsylvania,

into insolvency, faced the prospect of forced losses in a bankruptcy, so it invested in its future.READ MORE

2) Debt-ridden Harrisburg was outgunned at Capitol by top lobbyist for bond insurerTuesday, Patriot-News December 20, 2011

HOUSE FISCAL NOTEThis legislation would give the Governor the authority to declare a fiscal

emergency in a distressed city that is unwilling to accept or adopt a solvency plan, is insolvent,

or projected to be insolvent in 180 days or cannot ensure provision of vital and necessary

services for its citizens. Once the governor declares the fiscal emergency, he may direct the

Secretary of the Department of Community and Economic Development to file a petition in

Commonwealth Court to appoint the individual named in the petition as a receiver for the

distressed city.

House Fiscal Note:
http://www.legis.state.pa.us/cfdocs/billinfo/billinfo.cfm?syear=2011&sind=0&body=S&type=B&bn=1151http://www.legis.state.pa.us/cfdocs/billinfo/billinfo.cfm?syear=2011&sind=0&body=S&type=B&bn=1151http://february%207%2C%202012/http://february%207%2C%202012/http://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/apps/quote?ticker=AGO:UShttp://www.bloomberg.com/apps/quote?ticker=AGO:UShttp://topics.bloomberg.com/pennsylvania/http://topics.bloomberg.com/pennsylvania/http://topics.bloomberg.com/pennsylvania/http://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.legis.state.pa.us/WU01/LI/BI/FN/2011/0/SB1151P1665.pdfhttp://www.legis.state.pa.us/WU01/LI/BI/FN/2011/0/SB1151P1665.pdfhttp://www.legis.state.pa.us/WU01/LI/BI/FN/2011/0/SB1151P1665.pdfhttp://www.legis.state.pa.us/WU01/LI/BI/FN/2011/0/SB1151P1665.pdfhttp://i2.cdn.turner.com/money/2010/09/02/news/economy/harrisburg_bond/harrisburg_pa.ju.top.jpghttp://pics4.city-data.com/cpicc/cfiles43485.jpghttp://i2.cdn.turner.com/money/2010/09/02/news/economy/harrisburg_bond/harrisburg_pa.ju.top.jpghttp://pics4.city-data.com/cpicc/cfiles43485.jpghttp://www.legis.state.pa.us/WU01/LI/BI/FN/2011/0/SB1151P1665.pdfhttp://www.legis.state.pa.us/WU01/LI/BI/FN/2011/0/SB1151P1665.pdfhttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://topics.bloomberg.com/pennsylvania/http://www.bloomberg.com/apps/quote?ticker=AGO:UShttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://february%207%2C%202012/http://www.legis.state.pa.us/cfdocs/billinfo/billinfo.cfm?syear=2011&sind=0&body=S&type=B&bn=1151


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Municipalities FinancialRecovery Revolving Aid

Fund

$500,000 $500,000

City of Harrisburg Funds $575,000 - $775,000 $575,000 - $775,000

John McNally and The Web of the Harrisburg Insiders Network

Getting Rich from Bad Government

John McNally Bonds With Harrisburg Network InsidersStan

Rapp,Commissioners Jeff Haste, Mike Pries,Bond Counsel Anthony Giorgione, Esq DA Ed

MariscoTrashing The Forgotten Taxpayer In the dark the Spiders build their web.Harrisburg

Bondholders Win; The Forgotten Taxpayers Lose. The Forgotten Taxpayer Sold Out by

Republican Party Insiders.

The Harrisburg home of attorneyAndy

Giorgione, Esq.1who made a lot of money handling many ofHarrisburgs unsecured bond

issues, which are now bankrupting Harrisburg. Note whose sign is in his front yard.....John

McNallys Fundraising Invitation includes a Whos Who of Harrisburg Insiders profiting from

politics.
http://www.greenleepartners.com/people.phphttp://www.greenleepartners.com/people.phphttp://www.greenleepartners.com/people.phphttp://www.greenleepartners.com/people.phphttp://www.dauphincounty.org/publicly-elected-officials/commissioners/http://www.dauphincounty.org/publicly-elected-officials/commissioners/http://www.dauphincounty.org/publicly-elected-officials/commissioners/http://www.bipc.com/andrew-j-giorgione/http://www.bipc.com/andrew-j-giorgione/http://www.bipc.com/andrew-j-giorgione/http://www.dauphincounty.org/publicly-elected-officials/district-attorney/http://www.dauphincounty.org/publicly-elected-officials/district-attorney/http://www.dauphincounty.org/publicly-elected-officials/district-attorney/http://www.bipc.com/andrew-j-giorgione/http://www.bipc.com/andrew-j-giorgione/http://www.bipc.com/andrew-j-giorgione/http://www.bipc.com/andrew-j-giorgione/http://www.scribd.com/doc/89504250/McNally-Fundraiser-Listhttp://www.scribd.com/doc/89504250/McNally-Fundraiser-Listhttp://www.scribd.com/doc/89504250/McNally-Fundraiser-Listhttp://www.scribd.com/doc/89504250/McNally-Fundraiser-Listhttps://mail.google.com/mail/?ui=2&ik=6619053a56&view=att&th=136a9a002304b6d3&attid=0.1&disp=thd&zwhttp://www.halloweenweb.co.uk/wp-content/uploads/2010/04/HalloweenWeb-Wallpapers-Spider-Web-Moon-Night.jpghttp://www.politicspa.com/wp-content/uploads/2011/12/John-McNally.jpeghttps://mail.google.com/mail/?ui=2&ik=6619053a56&view=att&th=136a9a002304b6d3&attid=0.1&disp=thd&zwhttp://www.halloweenweb.co.uk/wp-content/uploads/2010/04/HalloweenWeb-Wallpapers-Spider-Web-Moon-Night.jpghttp://www.politicspa.com/wp-content/uploads/2011/12/John-McNally.jpeghttps://mail.google.com/mail/?ui=2&ik=6619053a56&view=att&th=136a9a002304b6d3&attid=0.1&disp=thd&zwhttp://www.halloweenweb.co.uk/wp-content/uploads/2010/04/HalloweenWeb-Wallpapers-Spider-Web-Moon-Night.jpghttp://www.politicspa.com/wp-content/uploads/2011/12/John-McNally.jpeghttps://mail.google.com/mail/?ui=2&ik=6619053a56&view=att&th=136a9a002304b6d3&attid=0.1&disp=thd&zwhttp://www.halloweenweb.co.uk/wp-content/uploads/2010/04/HalloweenWeb-Wallpapers-Spider-Web-Moon-Night.jpghttp://www.politicspa.com/wp-content/uploads/2011/12/John-McNally.jpeghttp://www.scribd.com/doc/89504250/McNally-Fundraiser-Listhttp://www.scribd.com/doc/89504250/McNally-Fundraiser-Listhttp://www.bipc.com/andrew-j-giorgione/http://www.bipc.com/andrew-j-giorgione/http://www.dauphincounty.org/publicly-elected-officials/district-attorney/http://www.dauphincounty.org/publicly-elected-officials/district-attorney/http://www.bipc.com/andrew-j-giorgione/http://www.dauphincounty.org/publicly-elected-officials/commissioners/http://www.greenleepartners.com/people.phphttp://www.greenleepartners.com/people.php


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Jeff Haste and Mike Pries Dauphin County Commissioners;Jeff Haste is, also, Chairman of

Dauphin County Republican Committee,

DA Ed Marisco

Stan Rapp and Greenlee Partners A.J. Marisco, Jr. Esq.

Harrisburg City Voters and Dauphin County got themselves into this mess; they have the

personal responsibility to get themselves out by voting for State Senator Independent of Party

Leadership and the Harrisburg Incestuous Insider Network of those connected to the elected

getting rich from government and exploiting The Forgotten Taxpayer

Harrisburg, a capital city of 49,500 where 29 percent live in poverty, has no lobbyist.

Who Will Speak for the Forgotten Taxpayer? Independence of Party Leadership is the sine

qua non qualification for Dauphin County State Senator.

David Unkovic Names Names and Uncovering the Network of Incestuous Insiders bonded to

Republican Establishment Endorsed Insider Senatorial Candidate John McNally, former chair

of Dauphin County Republicans, reliable and long time supporter not only of retiring Senator

Jeff Piccola but also ofGov. Tom Corbett inextricably entwined and entangled with this Spider

Web of Insiders: Bondholders Win; Taxpayers Lose.
http://www.dauphincounty.org/content/news-details.asp?ID=780http://www.dauphincounty.org/content/news-details.asp?ID=780http://www.dauphingop.org/Leadership.aspxhttp://www.dauphingop.org/Leadership.aspxhttp://www.dauphingop.org/Leadership.aspxhttp://www.dauphincounty.org/publicly-elected-officials/district-attorney/http://www.dauphincounty.org/publicly-elected-officials/district-attorney/http://www.greenleepartners.com/people.phphttp://www.greenleepartners.com/people.phphttp://www.greenleepartners.com/people.phphttp://3.bp.blogspot.com/_j99VUrX25a4/TRA7DSPDhXI/AAAAAAAAIhk/AnpVBp5ZYbY/s1600/lobbyist.jpghttp://hasteandpries.com/templates/siteground100/images/header_bg.jpghttp://3.bp.blogspot.com/_j99VUrX25a4/TRA7DSPDhXI/AAAAAAAAIhk/AnpVBp5ZYbY/s1600/lobbyist.jpghttp://hasteandpries.com/templates/siteground100/images/header_bg.jpghttp://3.bp.blogspot.com/_j99VUrX25a4/TRA7DSPDhXI/AAAAAAAAIhk/AnpVBp5ZYbY/s1600/lobbyist.jpghttp://hasteandpries.com/templates/siteground100/images/header_bg.jpghttp://3.bp.blogspot.com/_j99VUrX25a4/TRA7DSPDhXI/AAAAAAAAIhk/AnpVBp5ZYbY/s1600/lobbyist.jpghttp://hasteandpries.com/templates/siteground100/images/header_bg.jpghttp://3.bp.blogspot.com/_j99VUrX25a4/TRA7DSPDhXI/AAAAAAAAIhk/AnpVBp5ZYbY/s1600/lobbyist.jpghttp://hasteandpries.com/templates/siteground100/images/header_bg.jpghttp://www.greenleepartners.com/people.phphttp://www.dauphincounty.org/publicly-elected-officials/district-attorney/http://www.dauphingop.org/Leadership.aspxhttp://www.dauphingop.org/Leadership.aspxhttp://www.dauphincounty.org/content/news-details.asp?ID=780


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Harrisburg Receiver David Unkovic named names in public the day he resigned, and several of

them appear on this fundraiser invitation: Stan Rapp and Greenlee Partners, and Jeff Haste

as retiring Senator Jeff Piccola and Governor Tom Corbett, Representative Ron Buxton and

Assured Guaranty Municipal (AGM) itself. PA Department of Community and Economic

Development (DCED) the Royal Bank of CanadasJames Losty, Stephen Reed.The Attorneywho handled the unsecured bonds, Andy Giorgione, and former Dauphin County

commissioner Nick DiFrancesco are not The Forgotten Taxpayers BFF, either.

March 28, 2912 Tara Leo Auchley TodaystheDay blog

U.S. Probe Urged for Harrisburg The Bond Buyer Monday, January 23, 2012 Paul Burton

Watching Harrisburg Crash and Burn Reuters April 3, 2012 Cate Long

Pennsylvania Plan for Harrisburg WSJ 7 February 2012

Debt-ridden Harrisburg was outgunned at Capitol by top lobbyist for bond insurer Tuesday, Patriot-News

Editorial December 20, 2011

Bond Insurers Hired Lobbyists as Lawmakers Argued Over Harrisburgs Fate By Romy Varghese Bloomberg

Dec 19, 2011

133-page Forensic Audit Report(PDF)

Harrisburg Authority releases findings of incinerator forensic audit in 133-page report January 18, 2012 By

ERIC VERONIKIS, The Patriot-News

Harrisburg Receiver Weighs Sale, Lease of City Assets Friday, March 2, 2012

City of Harrisburg could go bankrupt after all: Friday, March 2, 2012 Joseph DiStefano PhillyDeals Philadelphia

Inquirer"Harrisburgs debt could reach about $450 million, including the potential $40 million of guaranteed

and unfunded debt coming due beginning in 2016 for bonds related to the Strawberry Square downtown

mall. The city is the guarantor of those bonds, issued by the Harrisburg Redevelopment Authority, as it is on

the incinerator bonds issued by the Harrisburg Authority" that are the biggest cause of Harrisburg's insolvency

Union Republicans The Union Party Group of Pa. Republicans wields power in key votesApril 15, 2012 By Tom

Barnes / Pittsburgh Post-Gazette

Some in Pennsylvania GOP seem to back Sen. Bob Casey quietly Published: Robert Vickers April 15, 2012,

1Andrew Giorgione, Esq. is a former acting city solicitor for the City of Harrisburg, where he was

responsible for supervising and representing the city in many actions in federal and state court and

administrative forums. During his tenure with the city, from 1992 through 1995, Andrew served as solicitor

and chief legal advisor to the mayor, City Council and various boards and commissions.
http://www.todaysthedayhbg.com/parties-pushing/http://www.todaysthedayhbg.com/parties-pushing/http://www.bondbuyer.com/issues/121_14/federal-investigation-harriburg-pa-1035473-1.htmlhttp://www.bondbuyer.com/issues/121_14/federal-investigation-harriburg-pa-1035473-1.htmlhttp://blogs.reuters.com/muniland/2012/04/03/watching-harrisburg-crash-and-burn/http://c/Users/Owner/Documents/FEBRUARY%207,%202012http://c/Users/Owner/Documents/FEBRUARY%207,%202012http://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://media.pennlive.com/midstate_impact/other/Harrisburg%20Report.pdfhttp://media.pennlive.com/midstate_impact/other/Harrisburg%20Report.pdfhttp://www.pennlive.com/midstate/index.ssf/2012/01/harrisburg_authority_posts_inc.htmlhttp://www.pennlive.com/midstate/index.ssf/2012/01/harrisburg_authority_posts_inc.htmlhttp://www.pennlive.com/midstate/index.ssf/2012/01/harrisburg_authority_posts_inc.htmlhttp://www.bondbuyer.com/issues/121_42/harrisburg-citizens-lawsuit-financial-recovery-plan-1036979-1.htmlhttp://www.bondbuyer.com/issues/121_42/harrisburg-citizens-lawsuit-financial-recovery-plan-1036979-1.htmlhttp://www.philly.com/philly/blogs/inq-phillydeals/City-of-Harrisburg-could-go-bankrupt-after-all-report.htmlhttp://www.philly.com/philly/blogs/inq-phillydeals/City-of-Harrisburg-could-go-bankrupt-after-all-report.htmlhttp://www.philly.com/philly/blogs/inq-phillydeals/City-of-Harrisburg-could-go-bankrupt-after-all-report.htmlhttp://www.post-gazette.com/stories/news/politics-state/group-of-pa-republicans-wields-power-in-key-votes-631527%20/http://www.post-gazette.com/stories/news/politics-state/group-of-pa-republicans-wields-power-in-key-votes-631527%20/http://www.post-gazette.com/stories/news/politics-state/group-of-pa-republicans-wields-power-in-key-votes-631527%20/http://www.pennlive.com/midstate/index.ssf/2012/04/some_in_gop_seem_to_back_bob_c.htmlhttp://www.pennlive.com/midstate/index.ssf/2012/04/some_in_gop_seem_to_back_bob_c.htmlhttp://www.bipc.com/andrew-j-giorgione/http://www.bipc.com/andrew-j-giorgione/http://www.bipc.com/andrew-j-giorgione/http://www.pennlive.com/midstate/index.ssf/2012/04/some_in_gop_seem_to_back_bob_c.htmlhttp://www.post-gazette.com/stories/news/politics-state/group-of-pa-republicans-wields-power-in-key-votes-631527%20/http://www.post-gazette.com/stories/news/politics-state/group-of-pa-republicans-wields-power-in-key-votes-631527%20/http://www.philly.com/philly/blogs/inq-phillydeals/City-of-Harrisburg-could-go-bankrupt-after-all-report.htmlhttp://www.philly.com/philly/blogs/inq-phillydeals/City-of-Harrisburg-could-go-bankrupt-after-all-report.htmlhttp://www.bondbuyer.com/issues/121_42/harrisburg-citizens-lawsuit-financial-recovery-plan-1036979-1.htmlhttp://www.pennlive.com/midstate/index.ssf/2012/01/harrisburg_authority_posts_inc.htmlhttp://www.pennlive.com/midstate/index.ssf/2012/01/harrisburg_authority_posts_inc.htmlhttp://media.pennlive.com/midstate_impact/other/Harrisburg%20Report.pdfhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.bloomberg.com/news/2011-12-19/bond-insurers-hired-lobbyists-as-lawmakers-argued-over-harrisburg-s-fate.htmlhttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://www.pennlive.com/midstate/index.ssf/2011/12/debt-ridden_harrisburg_was_out.html#incart_mcehttp://c/Users/Owner/Documents/FEBRUARY%207,%202012http://blogs.reuters.com/muniland/2012/04/03/watching-harrisburg-crash-and-burn/http://www.bondbuyer.com/issues/121_14/federal-investigation-harriburg-pa-1035473-1.htmlhttp://www.todaysthedayhbg.com/parties-pushing/


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