Governor Chris Christie of New Jersey canceled the biggest infrastructure project in the U.S. last week.
You are responsible for your bond issues.
The municipal market doesn’t like surprises.
California wants to know why underwriters take its money to sell the state’s bonds, and then talk trash behind its back.
It’s no wonder Meredith Whitney wants to distance herself from her prediction of the municipal market’s meltdown.
The big surprise isn’t that Jefferson County, Alabama, filed for bankruptcy protection from creditors, but that the county was able to stave off the inevitable for so long.
The search is on for the next $800,000-a-year city manager.
The last time a state defaulted on its bonds, it took eight years and the federal government’s help to come up with a remedy.
This may be the worst year for bonds on ballots in two decades.
UBS’s Marfatia on Closed-End Funds: Taking Stock