The Port Authority’s big debt sinkhole

January 21, 2014

Bloomberg has a story about The Port Authority of New York and New Jersey bringing a $1 billion taxable bond offering to market without citing the George Washington Bridge closure problem in the risk section. I think whatever involvement New Jersey Governor Chris Christie or his staff had in closing the bridge has no bearing on the ability of the Port Authority to repay these new bonds. Governors come and go, but this momentous pile of debt remains outstanding.

Muni sweeps: Hack for change

May 26, 2011

Hack for Change

Attention Muniland! Do you have an idea for a public web or mobile application? is sponsoring a Hack for Change on June 18th and 19th and is soliciting ideas for their programming competition. Here are some of the ideas that have already been posted:

Muni sweeps: Increasing the muni investor pool

April 18, 2011

It’s a glorious spring day in America and everything continues to bounce along. A little progress here and some fall back there. Oh and that unpleasant negative ratings watch on United States debt from Standard & Poor’s. Yeah that is not good. Welcome to a new week in muniland.

Muni sweeps: Strike two for Larry Silverstein

April 12, 2011
WTC in December, 2010

WTC in December, 2010

The $1.275 billion offering to fund Larry Silverstein’s New York City’s World Trade Center Liberty Tower 4 was withdrawn yesterday for the second time.