Oregonians Care ... to the tune of $130 Million!

[the_chinuk]

There was recently a bond sale here in Oregon ... and The Smartest Republican* in Oregon, Ben Westlund, our State Treasurer, proved what happens when you hold a bond auction, and everyone came:

Last week, State Treasurer Ben Westlund called on Oregonians to “Buy Oregon Bonds” and help finance public works projects that will create jobs and energize the economy.
On Monday, Oregonians responded -- and in a record-setting way.
Individual investors placed orders for more than half of the State’s first sale of 2009, which was posted for retail presale on Monday and was fully committed today.
The public had the first shot at placing orders -- known as “retail sales” and handled though brokers – and those orders added up to $130 million of the available total of $223 million in certificates of participation. The remaining bonds were sold today, by bid, to institutional investors such as bond mutual funds, and property and casualty insurance firms.

On behalf of everyone who isn't rich enough to even think of buying a bond ... thank you. You've restored some of my faith in my fellow Oregonian.

Well done, fellows. Well done.

* Ben Westlund is the smartest Republican in Oregon because he evolved upward ... to become a Democrat.

[LWolf]

1. While I supported Westlund's run for State Treasurer,

I don't consider Chris Telfer a good replacement here at home. :(