MuniLand Snaps: May 4

May 4, 2012 investigates an IRS tax loophole that allows illegal immigrants to claim tax credits for their children, who often do not live in the United States.

Good Links

ZeroHedge: The unabridged and illustrated federal budget for dummies

SIFMA: U.S. municipal bond credit report, 2012 Q1 “Derivative trading books at major banks lurch around like aircraft in a thunderstorm”

Bond Buyer: The drought is over as top hospitals come to market

Bloomberg: Ohio booze bond threatened as lawmakers press suit

Reuters: Alabama Senate passes tax for bankrupt Jefferson County

Detroit News: Detroit pension system fires firm for buying two Starbucks buildings

Reuters: NYC mayor’s $69 billion budget freezes wages

Council of State Governments: 10 captivating capitol buildings

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