Is there an Evolving View of Bankruptcy in the Municipal Market?
The painful truth is that as debt increases, so do the risks it will be politically, economically and financially worthwhile for borrowers to walk away from paying back their loans…
New York, NY (June 26, 2012
Ironically in many cities taxes are going up regardless of home prices going rising or falling. The annual operation costs that towns must pay for schools, police, fire and other…
Twenty five municipal market groups representing local governments are lobbying Senate Finance Committee leaders to maintain the federal tax-exemption for municipal bonds, ensure states maintain their authority to maintain their…
The State of Illinois is now at the bottom of the pack of fifty states. With a general-obligation rating lowered to A2, it is now the lowest-rated by Moody’s of…
As you watch this of video Harrisburg Mayor Linda Thompson trying to justify why she is suing her own City Controller Dan Miller over a minor issue, you can understand…
Recently there has been much talk about the high level of Puerto Rico bond debt and the associated financial deficit for 2012. In the past, there has generally been demand…
Rumors about Puerto Rico’s financial problems surface as often as the seasons change. We have been hearing the sky is falling about Puerto Rico for years now. Some say if…
The impressive rally in municipal bonds that started in mid October has run its course, according to our friends at Morgan Stanley. For the past six weeks, the market has…