MuniLand

As summer unofficially opens, here’s a poem to biking from People for Bikes.

Good Links

CJR.org: Sorkin’s Glass-Steagall straw man

Bloomberg: Underwriters paying to pass bond issues face scrutiny

Bond Buyer: About $84 billion of coupon and maturing bonds coming in June and July

Reuters: Reuters newsroom joins my critical view of Puerto Rico debt

Reuters: Property taxes give New York’s Westchester County an edge over peers

Patriot News: Editorial on the latest in Harrisburg’s political soap opera

Bloomberg: Hedge fund got most South Carolina fees while lagging on returns

@Twitter Talk

We need to have an honest discussion about how to pay for pension benefits. The numbers don’t add up. There will need to be haircuts on this

— Debtwire Municipals (@Debtwire_Munis) May 25, 2012

How a public #pension works–60% of revenues come from investment earnings per the US Census Bureau bit.ly/MuzGcf

— Pension Dialog (@PensionDialog) May 27, 2012

The same pols who say “you can’t just throw money at schools”, can never throw enough at billionaire owners for stadiums.

— Dave Zirin (@EdgeofSports) May 26, 2012

Why are highway tolls becoming so popular? Because lawmakers can’t bring themselves to raise gas taxes. owl.li/bb0Ul

— Otis White (@OtisWhite) May 27, 2012

Incidentally, state and local governments unwind interest rate swaps *all of the time* and usually with proceeds from future bond issues.

— Bond Girl (@munilass) May 28, 2012