Guests: Spencer Dickinson, State Representative, House District 35, email@example.com
Host: Barry Schiller Time: 30 minutes Topic: 38 Studios Bonds: Whose Responsibility?
Representative Dickinson discusses House Bill 5888, which he cosponsored with Karen Mac Beth and Others. This bill calls for non-payment of the 38 Studios bonds as the State of RI has no obligation based on Economics Development Corporation documents discussed during this interview. Furthermore, an insurance policy was secured to cover any losses. Opponents of the bill believe that the state has a “moral obligation” to cover these losses for bond-holders. This would mean that the State has self-insured these bonds, which begs the question: Why take out insurance and then not use it"? The greater question is: What will be the impact either way? The answers to this question are profound!