Bloomberg did acknowledge that municipal finance concerns wore heavy in the current economic straits.
He has been on the Editorial Advisory Board of the Municipal Finance Journal for over ten years.
Doesn't this rather resemble the pay-for-play scandals of municipal finance, wherein elected treasurers pass the campaign hat around bond-underwriting firms?
The German cabinet approved a wide-ranging package of new measures of reform, covering welfare, the labour market, municipal finance, and more.
Municipal finance has only been this bad during the Great Depression.
There are still areas that private investors shun municipal finance, for instance.
Individual circumstances demand creativity, and city officials have been happy to meet with municipal finance managers from as far as Australia to share its model.
FORBES: Will Choice Or Necessity Reduce Exploding Municipal Debt?
Note: this post draws heavily on a report by Tracy Gordon, a municipal finance expert at The Brookings Institution, and a report published by Michigan State University.
Municipal finance, in support of U.S. infrastructure, creates more job growth versus other spending measures, and removing tax exemption would result in higher financing costs for states and local governments.
FORBES: Why Munis Still Make Sense In 2013, The Year Of Income
Eventually, she rose to senior managing director at Bear Stearns, working in municipal finance and helping the Denver International Airport, the New York State Thruway Authority and other public entities to sell tax-exempt bonds.
Nevertheless, one was hard-pressed to find someone at the Bloomberg state and municipal finance conference in New York on Tuesday who would speculate that a wave of defaults was even on the horizon.
The Government Finance Officers Association, a nonprofit advising more than 17, 000 members in municipal finance across the United States and Canada, includes community attachment as part of a long-term solution to financial recovery.
This caused the municipal issuers to award investment agreements and other municipal finance contracts to providers that otherwise would not have been awarded the contracts if the issuers had true and accurate information regarding the bidding process.
FORBES: Guilty Pleas In Antitrust Division Municipal Bond Bid Rigging Case
In 1977 a congressional seat opened up and Pruzan began organizing a Raines campaign. instead, Raines took a job in the Carter White House that included his first stint at OMB. when Carter lost, Raines went to work, making millions of dollars, first as a partner doing municipal finance at the Manhattan investment house Lazard Freres.
She became municipal secretary of finance for Porto Alegre in 1986, her first job as a civil servant.
Ultimately the biggest winners may be those who finance municipal and state debt.
Money goes out to finance municipal government payrolls and public works programs.
Rates fell this week, and high-quality issuers were able to raise finance in municipal-bond markets.
Precisely one year after his return as chief executive of MBIA, JayBrownJay Brown formalized his plan to separate the insurer's municipal bond business from the structured finance business that has given it so much trouble.
"As new insured municipal bonds are issued, I expect the public finance markets will begin to thaw, freeing up much-needed capital for future projects, " Brown said Wednesday.
According to Microsoft the messages were sent via net addresses owned by the Kuwait Ministries of Communication and Finance, several Korean schools, the Seoul Municipal Boramae Hospital, and the Virginia Community College System.
By last year, with the monoline insurance sector in disarray, not to mention public finance at a standstill, just 18% of municipal bonds were insured.
Harrisburg is in default on its debt and has been effectively shut out of the municipal-debt market, which cities and states use to finance everything from building schools to paving roads.
Like the mortgage market, the municipal bond market has morphed into its own new era of highflying finance, adjustable-rate loans and complex securities.
Brown was careful to point out that the structured finance piece of MBIA will be completely separate from the municipal bond segment and will not be a burden on the latter.
应用推荐