October 5: Muniland notes
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
@MillerTabak Michael Pietronico Refunding deals generally cause a spike in supply which causes a decline in muni bond prices – which ultimately cancels refunding deals
@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