Governor Chris Christie of New Jersey canceled the biggest infrastructure project in the U.S. last week.
California wants to know why underwriters take its money to sell the state’s bonds, and then talk trash behind its back.
You are responsible for your bond issues.
The municipal market doesn’t like surprises.
It’s no wonder Meredith Whitney wants to distance herself from her prediction of the municipal market’s meltdown.
UBS’s Marfatia on Closed-End Funds: Taking Stock