This one really takes the cake. Apparently the State of Florida had a bet with Warren Buffet…well sort of. Florida was so petrified that it might have major damage from a hurricane this year that they gave Warren Buffet a deal—we give you $224 million and IF we get damage from a hurricane, you buy $4 million in bonds to finance the recovery. Guess what? We lost the bet…well sort of... no hurricanes but taxpayers are out $224 mil for this bet. Is this what you call creative financing?
