30 Mar 2010
Reveling in Your Money
As we wait to see if Governor Christie will sign the bill that takes away the voter’s right of referendum on a proposed $300 million tax break for Morgan Stanley’s casino, two excellent new articles came out about the issue.
Paul Mulshine, an editorial writer with the Star Ledger, penned a piece entitled “Atlantic City’s Revel casino: Wall Street’s Reveling in your money.” In the piece, Mulshine wrote:
The prime backer of the half-finished Revel casino, Morgan Stanley, has put together a financing deal that relies on funding from the Chinese government. Yes, you read that right. The geniuses in Trenton are preparing to give a giant grant to a consortium of commies and Wall Streeters.
But as Doherty points out, both the Chinese and Morgan Stanley have plenty of money at the moment. Morgan Stanley got $10 billion in bailout funds, he said, so there’s no reason they can’t finish the project on their own.
Meanwhile, the Philadelphia Inquirer has a new article discussing the “furor” over the involvement of the Chinese government in Morgan Stanley’s casino project.
North Jersey Senator and political machine boss Ray Lesniak will be in AC on April 5 at 11 am for the dog and pony show “to allow public input on a proposal to allow sports betting at casinos.”
Where: AC Convention Center, Room 411 Atlantic City
When: 11:00 am
Sidekick Jim Whelan will surely be joining him. Let’s greet the Senators and show them how much we appreciate their unabashed contempt for our right to vote on the Morgan Stanley bailout!