MuniLand

Michigan Governor Rick Snyder speaks about working for the residents of Detroit to stabilize the fiscal situation and help the city start growing. It seems likely that the city and state will agree to a deficit elimination plan; some enhancements will allow that plan to qualify as a “consent agreement.” Video from the Detroit News.

Good Links

Forbes: The Media Map: Who’s reading what and where

Bond Buyer: Treasury promotes new round of BABs; Republicans likely to reject

OCC: Notional amount of derivatives exposure for U.S. commercial banks

Stateline: Doing union work on the government clock?

Learn Bonds: Puerto Rico municipal bonds – how bad are they?

Albany Times-Union: NY legislature nears agreement on budget, including capital spending changes

Detroit News: Detroit and Michigan inching closer to financial deal

Tampa Bay Times:  St. Petersburg meets Wells Fargo in court over failed Lehman investments

San Francisco Chronicle: Tiny resort town to shoulder cost of $10 million waste treatment facility

Blackrock: Starved for yield, investors continue to savor munis

@Twitter Talk

Jesse Drucker  @JesseDrucker How big is the fed govt? Bigger than you think because of secret spending, ie, special interest tax breaks: http://bit.ly/GXsCAL

David Wessel @davidmwessel NY Fed blog starts 7-part primer on today’s labor market   http://bit.ly/GVY1j3

BDAmerica  @BDAmerica MSRB Seeks Approval on Revised Definition of Sophisticated Municipal Market Professional  http://t.co/7o06nYXN

CA State Controller   @CAController releases new pay data for CA districts that handle levees, health, hospitals and water http://bit.ly/yOR7ju

Secretary of State @secstatewa New WA liquor privatization (2 months away) drawing huge interest http://tinyurl.com/bnpbyzh

Rachel Barnhart  @rachbarnhart “Why not let Buffalo die, and its people scatter to the winds?”  http://bit.ly/GSaSYx Great read on why cities matter

Michael Cooper  @coopnytimes The Brooklyn hospital that serves the poor, whose head drove a Bentley and doled out patronage:  http://nyti.ms/GSIKQt

IpreoMuni @IpreoMuni Muni March Madness Aaaiirbaaall?? Here is this week’s updated muni deal calendar: http://t.co/X8GK345r

The Raw Story  @RawStory Oklahoma legislators kill provision to drug test politicians http://goo.gl/XMU4U