October 5: Muniland notes

October 5, 2011

A gathering of interesting, important and quirky news about municipal bond markets, state and local governments and the people that make them happen.

+ The Links +

Politico: Congress revives idea of a trading tax on Wall Street

Rolling Stone: Taibbi says multi-state mortgage settlement with banks is Bailout 2.0

WSJ: Big guns sue BNY Mellon for cheating public pension funds on FX trades

Bloomberg: Strong cash flows into municipal-bond mutual funds

SIFMA: Primer on the benchmark for short term floating rate muni debt

Reuters: Smelly Dexia unfavorited by municipal issuers

WSJ: Bronx cheer for Yonkers debt

McClatchy: Fertilizer in the water of rural California Valley homes?

Bloomberg: Ohio businesses align with governor to end public workers unions


@Twitter Talk

Tony Tassell @TonyTassell Tony Tassell  Moving stuff: A tumblr collection of stories of US people struggling to cope with the crisis: We are the 99% bit.ly/oUpguh

Justin Wolfers @JustinWolfers Justin Wolfers   RT @BetseyStevenson: If Congress fails to extend unemployment benefits, only 1 in 4 unemployed people will be getting unemployment benefits.

Pew Trusts @pewtrusts Pew Trusts  Economy and management equally important to funding of states pension plans, says pew states’ Sue Urahn: http://ow.ly/6O5Of

mark bergen @mhbergen mark bergen  Two mayors, two different success stories http://n.pr/pnxJoJ

Michael Pietronico @MillerTabak Michael Pietronico   Refunding deals generally cause a spike in supply which causes a decline in muni bond prices – which ultimately cancels refunding deals
Randall Jensen @randalljensen Randall Jensen  CA Gov. Brown vetoes redevelopment agency cleanup up bill, putting San Jose RDA on path to $100 million default http://ow.ly/6N5IY

Birmingham_News @Birmingham_News Birmingham_News  Jefferson County commissioners, Alabama lawmakers meet on county financial crisis  bit.ly/pZ0wMc

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