It’s all about the money, honey.

“Perhaps the types of people who can afford large municipal bonds are a bit hesitant to invest in this taxpayer-supported biblical scheme given that Williamstown’s bonds are unrated. That means they are the riskiest type of bond offering, and the odds that the city will default on them are expected to be pretty high. Bloomberg News reported that the bond offering documents list 39 risks for investors, including the fact that AiG has no obligation to pay off the debt. Instead, Bloomberg said, bond holders would earn a return only when customers spend cash at the park.” (my emphasis)

au.org

Investors aren’t as stupid as Ken Ham thinks they are.