The end of muniland interest-rate swaps for Pennsylvania?

January 18, 2013

Pennsylvania may have suffered more damage from municipalities using interest rate swaps than any other state in America. Many cities and school districts were sold these “hedging” instruments after former governor Ed Rendell pushed legislation allowing their use in 2003. The fallout for the state has been devastating.

Detroit’s fiscal situation gets hotter

June 11, 2012

Detroit is standing on the precipice of fiscal collapse. The Detroit Free Press reported on Friday:

Muniland’s huge Dodd-Frank win

May 8, 2012

A huge win for muniland was finalized last week when the SEC approved new rules that will shine light on the municipal bond underwriting process. This Bloomberg headline says it all: “Bond-Disclosure Rules Backed by SEC to Protect States From Banks”: