Dexia from the bottom up

By Cate Long
October 6, 2011

Industry professionals who lived through a real muniland disaster when the auction-rate security (ARS) market exploded in 2008 have cocked a jaundiced eye at the news that the giant Belgian/French bank Dexia — a big guarantor of American municipal bonds — is on the verge of collapse.

The global spiderweb of debt

By Cate Long
June 27, 2011

If you are not familiar with the municipal bond market, you may think that muniland is nothing more than states, municipalities and school districts offering plain bonds that mature on a set date and offer a fixed interest rate. That is the textbook description.

Muni sweep

By Cate Long
April 6, 2011

Dexia Tower, Brussels It’s a busy morning in muniland. Here are several big stories to get the day started.