MuniLand Snaps: March 27, 2012

March 27, 2012

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 DruckerJesse Drucker  @JesseDrucker How big is the fed govt? Bigger than you think because of secret spending, ie, special interest tax breaks:
David WesselDavid Wessel @davidmwessel NY Fed blog starts 7-part primer on today’s labor market
BDAmericaBDAmerica  @BDAmerica MSRB Seeks Approval on Revised Definition of Sophisticated Municipal Market Professional
CA State ControllerCA State Controller   @CAController releases new pay data for CA districts that handle levees, health, hospitals and water
Secretary of StateSecretary of State @secstatewa New WA liquor privatization (2 months away) drawing huge interest
Rachel BarnhartRachel Barnhart  @rachbarnhart “Why not let Buffalo die, and its people scatter to the winds?” Great read on why cities matter
Michael CooperMichael Cooper  @coopnytimes The Brooklyn hospital that serves the poor, whose head drove a Bentley and doled out patronage:
IpreoMuniIpreoMuni @IpreoMuni Muni March Madness Aaaiirbaaall?? Here is this week’s updated muni deal calendar:
The Raw StoryThe Raw Story  @RawStory Oklahoma legislators kill provision to drug test politicians
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