November 9: Muniland Snaps
Once there were seven municipal bond insurers rated AAA who insured over 57% of municipal bonds in 2005. Now there are two AA bond insurers and they insure about 5% of new municipal bonds. Source: Daniel Berger, Thomson Reuters Muncipal Market Data
Bloomberg: U.S. voters approve over $10 billion in new bond issues of the $16.5 billion on ballots
Princeton Patch: After decades of debate, Princeton, NJ votes to consolidate borough and township
MSRB: Hey state and local governments: here is your toolkit for best practices on debt issuance
MSRB: And here’s “Issuer Education” for state and local govts (best materials out there)
Bloomberg Radio: Muniland legend Lebanthal says every portfolio needs muni bonds
NYT: As states move to contract workers, complications arise
Dani Rodrik: California and Greece are not two sides of the same coin
The California Fix: More on why California is certainly not Greece
@markknoller Mark Knoller The Exec Order Pres Obama issues today calls for 20% reduction in govt spending on travel, cell phones, iPads & swag.
@AmyResnick Amy Resnick Princeton consolidation vote points to how localities can find ways to save money. Definitely progress.