Comments on: Municipal finance datapoint of the day, Latvia edition http://blogs.reuters.com/felix-salmon/2010/04/07/municipal-finance-datapoint-of-the-day-latvia-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: TomSchmit http://blogs.reuters.com/felix-salmon/2010/04/07/municipal-finance-datapoint-of-the-day-latvia-edition/comment-page-1/#comment-13303 Fri, 09 Apr 2010 04:09:42 +0000 http://blogs.reuters.com/felix-salmon/?p=3282#comment-13303 Moral hazard? To me the notion is overblown and gives excuses for strategies that are consciously created to not just mitigate risk but negate it. DB did not create a situation with moral hazard underlying it, they created a manipulative strategy for having their cake and eating it to. Living here in Riga, I also would remind people that the bridge in question is not just a scandal for financing mechanisms but also for incredible, probably corrupt cost overruns to the tune of maybe 2x original budget. I’m not sure that it was/is the lack of sophistication of municipal officials, but also some other “negotiations” that allowed this fairly transparent scam to proceed.

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2010/04/07/municipal-finance-datapoint-of-the-day-latvia-edition/comment-page-1/#comment-13266 Thu, 08 Apr 2010 04:59:16 +0000 http://blogs.reuters.com/felix-salmon/?p=3282#comment-13266 27 million lat would be US $51 million. You flipped the exchange rate. Small country, big currency.

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By: DanHess http://blogs.reuters.com/felix-salmon/2010/04/07/municipal-finance-datapoint-of-the-day-latvia-edition/comment-page-1/#comment-13262 Thu, 08 Apr 2010 03:42:26 +0000 http://blogs.reuters.com/felix-salmon/?p=3282#comment-13262 “Municipalities have incredibly high wealth-to-sophistication ratios, which makes them prime targets for banks”

Very well put. Can I nominate a fragment of a sentence for a Pulitzer?

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By: gringcorp http://blogs.reuters.com/felix-salmon/2010/04/07/municipal-finance-datapoint-of-the-day-latvia-edition/comment-page-1/#comment-13247 Wed, 07 Apr 2010 19:33:52 +0000 http://blogs.reuters.com/felix-salmon/?p=3282#comment-13247 It’s probably time to give these games with the EU’s statisticians a name: Eurostat arbitrage.

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By: david3 http://blogs.reuters.com/felix-salmon/2010/04/07/municipal-finance-datapoint-of-the-day-latvia-edition/comment-page-1/#comment-13245 Wed, 07 Apr 2010 19:10:17 +0000 http://blogs.reuters.com/felix-salmon/?p=3282#comment-13245 Markit MCDX. Started trading May 2008. A good entry over at Accrued Interest found here: http://accruedint.blogspot.com/2008/05/m cdx-once-munis-start-down-dark-path.html

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