MuniLand Snaps: May 29
As summer unofficially opens, here’s a poem to biking from People for Bikes.
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
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
— 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