November 4: Muniland Snaps
Some funky stuff is happening in the middle of Kansas. (Source: KWCH.com)
WSJ: AIG loans out $1.2B of muni bonds for which banks post 102% collateral & pay fees. What is the point?
Bond Buyer: Muniland regulator wants bond underwriters to be upfront with their clients
ZeroHedge: Popular blogger addresses the Meredith Whitney question
Reuters: Muniland’s bad boy list
FT: Editorial fail on amount of Illinois’s total debt. Not $280bn as stated
AP: State of Washington debates whether school busing is part of a “basic education”
Daily Freeman: My county tax set to rise by 6%
Business Wire: Lawsuit against Oppenheimer Rochester funds for 30-50% fall during 2008 allowed to proceed
@davidmwessel David Wessel Govt employment (state, local, federal) in Oct was 600k below Jan 2009.
@BCAppelbaum Binyamin Appelbaum ”It is clear far too many Americans don’t know how to do anything the world is willing to pay them a living wage for.” nyti.ms/rrbsob