Tag: municipal bonds

When Talking Infrastructure, Remember the Municipal Securities Market

This is a guest post by Susan Collet, Director of Government Relations for the Municipal Securities Rulemaking Board. The National League of Cities’ City Fiscal Conditions 2017 study arrived this fall at a time of heightened discussion at the White House and on Capitol Hill regarding policies that can spur more investment in the nation’s infrastructure.

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PEPTA: Linking State and Local Government Pensions and Municipal Bonds

This is the third in a four part series on the Public Employee Pension Transparency Act of 2013, also known as PEPTA.   To “protect” the federal government from any responsibility for state or local fiscal problems, Reps. Nunes, Ryan and Issa, in the House, and Sens. Burr, Coburn and Thune, in the Senate, have introduced

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PEPTA: A Bill in Search of a Problem

This is the second in a four part series on the Public Employee Pension Transparency Act of 2013, also known as PEPTA.   Many members of Congress have expressed the belief that many state and local pension plans are about to fail, and that cities and towns across the nation are about to default on their

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Rep. Nunes and Sen. Burr Introduce PEPTA: Another Threat to Municipal Bonds

This is the first in a four part series on Public Employee Pension Transparency Act of 2013, also known as PEPTA. More and more, Congress appears to be considering legislation that is based on anecdotal and inaccurate information and not on good public policy or the facts. That certainly was the case when the House last

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A Reminder that the Time for Local Community Investment is Now

This post was written by Carolyn Coleman, Director, Center for Federal Relations at the National League of Cities. This is the fourth post in a series this week discussing different perspectives on the results of NLC’s 2013 Local Economic Conditions Survey. At a time when our recent Local Economic Conditions survey report shows that cities

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State of the Cities 2013: Strategically Balancing the Books

This is the sixth post in a seven-part series on trends and themes in local leadership. The National League of Cities’ 2012 City Fiscal Conditions report  projected a sixth year in a row of declining revenues for cities, and a 25 percent decline in ending balances (reserves) over the last four years. It’s clear that

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State of the Cities 2013: Infrastructure Connects the Dots

This is the fifth post in a seven-part series on trends and themes in local leadership. On February 4, 2013, Mayor Anthony Foxx left his constituency with a final message about the state of their city, Charlotte, N.C.. In a speech that was both reflective of the past and hopeful for the future, Mayor Foxx

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Whitney Says Earthquake is Sign of De(Fault) Problem

August is a slow month in D.C.  and we thought we’d add some humor to the post-Earthquake news cycle.  Obviously, none of the statements or quotes in this post are real. Financial analyst Meredith Whitney said that the recent earthquake in the mid-Atlantic region is yet another sign of underlying instability in the municipal bond

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Meredith Whitney’s Misinformation Campaign

Almost six months ago, Meredith Whitney – the controversial financial investor who made her name by predicting the recent troubles for Wall Street banks  – set off a firestorm in financial markets by claiming that “social unrest” was coming in the form of ”50-100 sizeable municipal defaults.” She’s back this week with an op-ed in

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Crying Wolf on Municipal Defaults, Part 2

Here we go again.  Meredith Whitney, the Wall Street analyst who appeared on CBS’ 60 Minutes in December and predicted “50-100 sizeable municipal defaults” totaling “hundreds of billions of dollars,” appeared on CNBC this morning and claimed that there would be “indiscriminate selling” of municipal bonds because “local leaders want to default on debt investors

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