MuniLand Snaps: 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.
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