Opinion

This month marks the 101st year since the death of John Pierpont Morgan and recently the 2012 mini series “The Men Who Built America” was rerun. The series features a number of late 18th and early 20th century industrialists and financiers including Morgan.

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I agree with Anoka Mayor Phil Rice that the price of $725,000 was too expensive to renovate the entrances at Green Haven. Why spend that much money when our streets need reconstruction?

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The typical underwriting arrangement involves the purchase of a security issue from a corporation by an investment banking firm or a group of such firms (called an underwriting syndicate), and the sale of the issue to the general investing public, institutional investors as well as wealthy individuals. This procedure is followed in the case of bond issues of corporations as well as for stock issues which are not required by law or by decision of the board of directors to be offered first to old shareholders.

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